35-14-1433. Decree of dissolution. (1) If after a hearing the court determines that one or more grounds for judicial dissolution described in 35-14-1430 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.
(2) 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 35-14-1405 and the notification of claimants in accordance with 35-14-1406 and 35-14-1407.
History: En. Sec. 200, Ch. 271, L. 2019.
Structure Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 14. Montana Business Corporation Act
35-14-1401. Dissolution by incorporators or initial directors
35-14-1402. Dissolution by board of directors and shareholders
35-14-1403. Articles of dissolution
35-14-1404. Revocation of dissolution
35-14-1405. Effect of dissolution
35-14-1406. Known claims against dissolved corporation
35-14-1407. Other claims against dissolved corporations
35-14-1410. through 35-14-1419 reserved
35-14-1420. Grounds for administrative dissolution
35-14-1421. Procedure for and effect of administrative dissolution
35-14-1422. Reinstatement following administrative dissolution
35-14-1423. Appeal from denial of reinstatement
35-14-1424. through 35-14-1429 reserved
35-14-1430. Grounds for judicial dissolution
35-14-1431. Procedure for judicial dissolution
35-14-1432. Receivership or custodianship
35-14-1433. Decree of dissolution
35-14-1434. Election to purchase in lieu of dissolution