California Corporations Code

§ 12621

CORP § 12621Div. 3 · Title 1 · Part 2 · Ch. 15

Statute text

(a)The Attorney General may bring an action against any corporation or purported corporation in the name of the people of this state, upon the Attorney General’s own information or upon complaint of a private party, to procure a judgment dissolving the corporation and annulling, vacating or forfeiting its corporate existence upon any of the following grounds:

(1)The corporation has seriously offended against any provision of the statutes regulating corporations.

(2)The corporation has fraudulently abused or usurped corporate privileges or powers.

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Legislative history

Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.