O.C.G.A.

O.C.G.A. § 14-2-943 (2019)

Extraordinary relief; dissolution

✓ O.C.G.A. — 2019 edition (Public.Resource.Org Release 73)

Code text and O.C.G.A. statutory annotations on this page reflect the 2019 Official Code of Georgia Annotated (Public.Resource.Org Release 73, 2019-08-21; public domain per Georgia v. Public.Resource.Org, 2020). The Syfert case-law annotations in Notes of Decisions, below, are current.

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(a) The court may dissolve the corporation if it finds that: (1) There are one or more grounds for judicial dissolution under Code Section 14-2-1430; or (2) All other relief ordered by the court under Code Section 14-2-941 or Code Section 14-2-942 has failed to resolve the matters in dispute. (b) In determining whether to dissolve the corporation, the court shall consider among other relevant evidence the financial condition of the corporation but may not refuse to dissolve solely because the corporation has accumulated earnings or current operating profits.

History

(Code 1981, § 14-2-943, enacted by Ga. L. 1988, p. 1070, § 1.)

Annotations

COMMENT See the Comments to Sections 14-2-940 - 942. Cross-References Dissolution generally, see Article 14. Judicial dissolution, see § 14-2-1430. Relief cumulative, see § 14-2-941.

T.14, C.2, A.9, P.6

PART 6 TRANSITION PROVISIONS

Notes of Decisions

Cited in 1 case, 2011–2011 · leading case: Advanced Automation, Inc. v. Fitzgerald, 718 S.E.2d 607 (Ga. Ct. App. 2011).

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Advanced Automation, Inc. v. Fitzgerald, 718 S.E.2d 607 (Ga. Ct. App. 2011). · cites it 2× “OCGA § 14-2-942 provides for the extraordinary relief of requiring the corporation to repurchase shares and OCGA § 14-2-943 provides for the extraordinary relief of corporate dissolution.”

Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.