(a) If after a hearing the circuit court determines that one or more grounds for judicial dissolution described in section one thousand four hundred thirty of this article exist, it may enter a decree dissolving the corporation and specifying the effective date of the dissolution and the clerk of the circuit 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 circuit court shall direct the winding-up and liquidation of the corporation's business and affairs in accordance with section one thousand four hundred five of this article and the notification of claimants in accordance with sections one thousand four hundred six and one thousand four hundred seven of this article.
Structure West Virginia Code
Chapter 31D. West Virginia Business Corporation Act
§31D-14-1401. Dissolution by Incorporators or Initial Directors
§31D-14-1402. Dissolution by Board of Directors and Shareholders
§31D-14-1403. Articles of Dissolution
§31D-14-1404. Revocation of Dissolution
§31D-14-1405. Effect of Dissolution
§31D-14-1406. Known Claims Against Dissolved Corporation
§31D-14-1407. Unknown Claims Against Dissolved Corporation
§31D-14-1420. Grounds for Administrative Dissolution
§31D-14-1421. Procedure for and Effect of Administrative Dissolution
§31D-14-1422. Reinstatement Following Administrative Dissolution
§31D-14-1423. Appeal From Denial of Reinstatement
§31D-14-1430. Grounds for Judicial Dissolution
§31D-14-1431. Procedure for Judicial Dissolution
§31D-14-1432. Receivership or Custodianship
§31D-14-1433. Decree of Dissolution