47-1A-1434.5. Dismissal of petition to dissolve corporation.
68 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-1434-5·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Upon entry of an order under § 47-1A-1434.2 or 47-1A-1434.4 , the court shall dismiss the petition to dissolve the corporation under § 47-1A-1430 , and the petitioning shareholder no longer has any rights or status as a shareholder of the corporation, except the right to receive the amounts awarded by the order of the court which shall be enforceable in the same manner as any other judgment.