30-29-1433. DECREE OF DISSOLUTION. (a) If after a hearing the court determines that one (1) or more grounds for judicial dissolution described in section 30-29-1430, Idaho Code, exist, it may enter a decree dissolving the corporation and specifying the effective date of the dissolution, and the clerk of the court shall deliver a certified copy of the decree to the secretary of state for filing.
(b) After entering the decree of dissolution, the court shall direct the winding up and liquidation of the corporation’s business and affairs in accordance with section 30-29-1405, Idaho Code, and the notification of claimants in accordance with sections 30-29-1406 and 30-29-1407, Idaho Code.
History:
[30-29-1433, added 2015, ch. 243, sec. 69, p. 961; am. 2019, ch. 90, sec. 157, p. 326.]
Structure Idaho Code
Chapter 29 - GENERAL BUSINESS CORPORATIONS
Section 30-29-1401 - DISSOLUTION BY INCORPORATORS OR INITIAL DIRECTORS.
Section 30-29-1402 - DISSOLUTION BY BOARD OF DIRECTORS AND SHAREHOLDERS.
Section 30-29-1403 - ARTICLES OF DISSOLUTION.
Section 30-29-1404 - REVOCATION OF DISSOLUTION.
Section 30-29-1405 - EFFECT OF DISSOLUTION.
Section 30-29-1406 - KNOWN CLAIMS AGAINST DISSOLVED CORPORATION.
Section 30-29-1407 - OTHER CLAIMS AGAINST DISSOLVED CORPORATION.
Section 30-29-1408 - COURT PROCEEDINGS.
Section 30-29-1409 - DIRECTOR DUTIES.
Section 30-29-1430 - GROUNDS FOR JUDICIAL DISSOLUTION.
Section 30-29-1431 - PROCEDURE FOR JUDICIAL DISSOLUTION.
Section 30-29-1432 - RECEIVERSHIP OR CUSTODIANSHIP.
Section 30-29-1433 - DECREE OF DISSOLUTION.
Section 30-29-1434 - ELECTION TO PURCHASE IN LIEU OF DISSOLUTION.