Section 10-2B-14.33 Decree of dissolution. - Alabama Statutes

Section 10-2B-14.33

Decree of dissolution.

(a) If after a hearing the court determines that one or more grounds for judicial dissolution described in Section 10-2B-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 probate judge, 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 Section 10-2B-14.05 and the notification of claimants in accordance with Sections 10-2B-14.06 and 10-2B-14.07.

(Acts 1994, No. 94-245, p. 343, §1.)