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2018 Georgia Code 14-2-943 | Car Wreck Lawyer

Link to State of Georgia Official Statute 2018 Georgia Code Annotated (sourced from legal.resource.org)
O.C.G.A. 14-2-943 Case Law from Google Scholar Amendments to OCGA 14-2-943

TITLE 14 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

Section 2. Business Corporations, 14-2-101 through 14-2-1703.

ARTICLE 9 CLOSE CORPORATIONS

14-2-943. Extraordinary relief; dissolution.

  1. 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.
  2. 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.

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

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.

PART 6 T RANSITION PROVISIONS

14-2-950. Application to existing corporations.

This article applies to all corporations electing statutory close corporation status under Code Section 14-2-902 after July 1, 1989.

(Code 1981, §14-2-950, enacted by Ga. L. 1988, p. 1070, § 1.)

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