(a) Upon motion by the Attorney General, the Court of Chancery shall have jurisdiction to cancel the certificate of formation of any domestic limited liability company for abuse or misuse of its limited liability company powers, privileges or existence. The Attorney General shall proceed for this purpose in the Court of Chancery.
(b) The Court of Chancery shall have power, by appointment of trustees, receivers or otherwise, to administer and wind up the affairs of any domestic limited liability company whose certificate of formation shall be canceled by the Court of Chancery under this section, and to make such orders and decrees with respect thereto as shall be just and equitable respecting its affairs and assets and the rights of its members and creditors.
Structure Delaware Code
Chapter 18. LIMITED LIABILITY COMPANY ACT
Subchapter I. General Provisions
§ 18-102. Name set forth in certificate.
§ 18-103. Reservation of name.
§ 18-104. Registered office; registered agent.
§ 18-106. Nature of business permitted; powers.
§ 18-107. Business transactions of member or manager with the limited liability company.
§ 18-109. Service of process on managers and liquidating trustees.
§ 18-110. Contested matters relating to managers; contested votes.
§ 18-111. Interpretation and enforcement of limited liability company agreement.
§ 18-112. Judicial cancellation of certificate of formation; proceedings.