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Current as of January 01, 2025 | Updated by Findlaw Staff
A. Venue for a proceeding by the attorney general to dissolve a corporation or for a proceeding brought by any other party named in § 10-11430 is in the county where a corporation's known place of business is or was last located.
B. It is not necessary to make directors or members parties to a proceeding to dissolve a corporation unless relief is sought against them personally.
C. A court in a proceeding brought to dissolve a corporation may issue injunctions, appoint a receiver with all powers and duties the court directs, take other action required to preserve the corporate assets wherever located and carry on the activities of the corporation until a full hearing can be held.
Cite this article: FindLaw.com - Arizona Revised Statutes Title 10. Corporations and Associations § 10-11431. Procedure for judicial dissolution - last updated January 01, 2025 | https://codes.findlaw.com/az/title-10-corporations-and-associations/az-rev-st-sect-10-11431/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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