27-28-502. Judgment dissolving corporation.
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/mt/title-27/chapter-28/part-5/27-28-502·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
27-28-502 . Judgment dissolving corporation. When in any such action it is found and adjudged that a corporation has, by an act done or omitted, surrendered or forfeited its corporate rights, privileges, or franchises or has not used the same during a term of 5 years, judgment shall be entered that it be ousted and excluded therefrom and that it be dissolved.