(a) If after a hearing the circuit court determines that one or more grounds for judicial dissolution described in section one thousand three 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 activities and affairs in accordance with section one thousand three hundred five of this article and the notification of claimants in accordance with sections one thousand three hundred six and one thousand three hundred seven of this article.
Structure West Virginia Code
Chapter 31E. West Virginia Nonprofit Corporation Act
§31E-13-1301. Dissolution by Incorporators or Initial Directors
§31E-13-1302. Dissolution by Board of Directors and Members
§31E-13-1303. Articles of Dissolution
§31E-13-1304. Revocation of Dissolution
§31E-13-1305. Effect of Dissolution
§31E-13-1306. Known Claims Against Dissolved Corporation
§31E-13-1307. Unknown Claims Against Dissolved Corporation
§31E-13-1308. Adoption of Plan for Distribution of Assets
§31E-13-1309. Liquidating Distribution of Assets
§31E-13-1320. Grounds for Administrative Dissolution
§31E-13-1321. Procedure for and Effect of Administrative Dissolution
§31E-13-1322. Reinstatement Following Administrative Dissolution
§31E-13-1323. Appeal From Denial of Reinstatement
§31E-13-1330. Grounds for Judicial Dissolution
§31E-13-1331. Procedure for Judicial Dissolution
§31E-13-1332. Receivership or Custodianship