§ 156-49. Dissolution of corporation. - North Carolina Statutes

§ 156‑49. Dissolution of corporation.

If, from any cause, the canal or other improvement shall become orshall prove to be valueless, any corporator may apply as is provided in othercases of special proceedings, and the court may dissolve the corporationcreated in connection with it. (1868‑9, c. 164, s. 13; Code, s. 1322; Rev., s. 4007; C.S., s.5307.)