Sec. 4. (a) If after a hearing the court determines that a ground for judicial dissolution described in section 1 of this chapter exists, the court may enter a decree dissolving the corporation and specifying the effective date of the dissolution. The clerk of the court shall deliver a certificate copy of the decree to the secretary of state, who shall file the certificate copy.
(b) After entering the decree of dissolution, the court shall direct the winding up and liquidating of the corporation's affairs in accordance with IC 23-17-22-5 and the notification of the corporation's claimants under IC 23-17-22-6 and IC 23-17-22-7.
As added by P.L.179-1991, SEC.1.
Structure Indiana Code
Title 23. Business and Other Associations
Article 17. Nonprofit Corporations
Chapter 24. Judicial Dissolution
23-17-24-1. Judicial Dissolution; When Allowable; Factors Considered
23-17-24-1.5. Remedies, Assurance of Voluntary Compliance
23-17-24-2. Venue; Parties; Judicial Authority; Notice to Attorney General