(a)        If after a hearing the court determines that one or more grounds for judicial dissolution described in N.C. Gen. Stat. § 55-14-30 exist, it may enter a decree dissolving the corporation and specifying the effective date of the dissolution, and the clerk of the 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 court shall direct the winding up and liquidation of the corporation’s business and affairs in accordance with N.C. Gen. Stat. § 55-14-05 and the notification of claimants in accordance with N.C. Gen. Stat. § 55-14-06 and N.C. Gen. Stat. § 55-14-07. The corporation’s name becomes available for use by another entity as provided in N.C. Gen. Stat. § 55D-21 (1955, c. 1371, s. 1; 1959, c. 1316, s. 26; 1967, c. 823, s. 19; 1969, c. 965, s. 1; 1973, c. 469, s. 42; 1989, c. 265, s. 1; 2001-358, s. 19; 2001-387, ss. 173, 175(a); 2001-413, s. 6.)

Terms Used In North Carolina General Statutes 55-14-33

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3
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