Arizona Arizona Revised Statutes
§ 10-1815 — Involuntary dissolution or liquidation pursuant to court order
ARS § 10-1815Title 10. Corporations and Associations · Ch. 18. MISCELLANEOUS PROVISIONS AND CORPORATIONS · Art. 1. Close Corporations
Statute text
View on source10-1815. Involuntary dissolution or liquidation pursuant to court order The superior court shall have full power to liquidate the assets and business of a close corporation: 1. In an action filed by an investor when the court finds:
(a)That a deadlock or dispute involving the internal affairs of the corporation, continues to impair or threatens to impair the value of the assets or the continued conduct of the business of the corporation, notwithstanding bona fide attempts to utilize the arbitration provisions in the articles of incorporation if available and the provisions of section 10-1814.
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