10-11431. Procedure for judicial dissolution
118 words·~1 min read·
/az/title-10/10-11431A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A. Venue for a proceeding by the attorney general to dissolve a corporation or for a proceeding brought by any other party named in section 10-11430 is in the county where a corporation's known place of business is or was last located.
B. It is not necessary to make directors or members parties to a proceeding to dissolve a corporation unless relief is sought against them personally.
C. A court in a proceeding brought to dissolve a corporation may issue injunctions, appoint a receiver with all powers and duties the court directs, take other action required to preserve the corporate assets wherever located and carry on the activities of the corporation until a full hearing can be held.