South Carolina Code 33-18-430. Extraordinary relief: dissolution
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(a) The court may dissolve the corporation if it finds:
(1) there are grounds for judicial dissolution under § 33-14-300; or
Terms Used In South Carolina Code 33-18-430
- 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.
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
(2) all other relief ordered by the court under § 33-18-410 or 33-18-420 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.