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2016 North Carolina General Statutes
Chapter 55A - North Carolina Nonprofit Corporation Act.
Article 14 - Dissolution.
§ 55A-14-31 - Procedure for judicial dissolution.
Universal Citation: NC Gen Stat § 55A-14-31 (2016)
55A-14-31. Procedure for judicial dissolution.
(a) Venue for a proceeding to dissolve a corporation lies in the county where a corporation's principal office, or, if there is none in this State, its registered office, 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 individually.
(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. (1955, c. 1230; 1985 (Reg. Sess., 1986), c. 801, s. 42; 1993, c. 398, s. 1.)
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