[§414D-255] Decree of dissolution.
108 words·~1 min read·
/hi/414d-255A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
[§414D-255] Decree of dissolution.
(a)If, after a hearing, the court determines that one or more grounds for judicial dissolution described in section 414D-252 exist, it may enter a decree dissolving the corporation and specifying the effective date of the dissolution, and the clerk of the court shall deliver a certified copy of the decree to the department director, who shall file it.
(b)After entering the decree of dissolution, the court shall direct the winding up and liquidation of the corporation's affairs in accordance with section 414D-245 and the notification of its claimants in accordance with sections 414D-246 and 414D-247. [L 2001, c 105, pt of §1]