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Arizona Arizona Revised Statutes

§ 10-11431 — Procedure for judicial dissolution

ARS § 10-11431Title 10. Corporations and Associations · Ch. 37. DISSOLUTION-NONPROFIT CORPORATIONS · Art. 3. Judicial Dissolution

Statute text

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10-11431. Procedure for judicial dissolution A. Venue for a proceeding by the attorney general to dissolve a corporation or for a proceeding brought by any other party named in section 10-11430 is in the county where a corporation's known place of business is or was last located. B. It is not necessary to make directors or members parties to a proceeding to dissolve a corporation unless relief is sought against them personally. C. A court in a proceeding brought to dissolve a corporation may issue injunctions, appoint a receiver with all powers and duties the court directs, take other action required to preserve the corporate assets wherever located and carry on the activities of the corporation until a full hearing can be held.

Source: Arizona Arizona Revised Statutes § 10-11431 from the Arizona Revised Statutes (Arizona State Legislature) (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.