55-14-33. Decree of dissolution.
(a) If after a hearing the court determines that one or more grounds for judicial dissolution described in G.S. 55-14-30 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, who shall file it.
(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 G.S. 55-14-05 and the notification of claimants in accordance with G.S. 55-14-06 and G.S. 55-14-07. The corporation's name becomes available for use by another entity as provided in G.S. 55D-21. (1955, c. 1371, s. 1; 1959, c. 1316, s. 26; 1967, c. 823, s. 19; 1969, c. 965, s. 1; 1973, c. 469, s. 42; 1989, c. 265, s. 1; 2001-358, s. 19; 2001-387, ss. 173, 175(a); 2001-413, s. 6.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 55 - North Carolina Business Corporation Act
§ 55-14-01 - Dissolution by incorporators or directors.
§ 55-14-02 - Dissolution by board of directors and shareholders.
§ 55-14-03 - Articles of dissolution.
§ 55-14-04 - Revocation of dissolution.
§ 55-14-05 - Effect of dissolution.
§ 55-14-06 - Known claims against dissolved corporation.
§ 55-14-07 - Unknown and certain other claims against dissolved corporation.
§ 55-14-08 - Enforcement of claims.
§ 55-14-09 - Court proceedings.
§ 55-14-20 - Grounds for administrative dissolution.
§ 55-14-21 - Procedure for and effect of administrative dissolution.
§ 55-14-22 - Reinstatement following administrative dissolution.
§ 55-14-23 - Appeal from denial of reinstatement.
§ 55-14-24 - Inapplicability of Administrative Procedure Act.
§ 55-14-30 - Grounds for judicial dissolution.
§ 55-14-31 - Procedure for judicial dissolution.
§ 55-14-33 - Decree of dissolution.
§ 55-14-40 - Disposition of amounts due to unavailable shareholders and creditors.