21-28-15. Judgment for dissolution of corporation.
55 words·~1 min read·
/sd/title-21/chapter-21-28/21-28-15·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
If it shall be adjudged that a corporation against which an action shall have been brought, pursuant to this chapter, has by neglect, abuse, or surrender, forfeited its corporate rights, privileges, and franchises, judgment shall be rendered that the corporation be excluded from such corporate rights, privileges, and franchises, and that the corporation be dissolved.