2025 Session
Last amended: 1989 session
§ 317A.741 — Supervised Voluntary Dissolution
Plain-Language Summary
Allows a court to supervise a voluntary dissolution if requested.
317A.741 SUPERVISED VOLUNTARY DISSOLUTION.
After the notice of intent to dissolve has been filed with the secretary of state and before a certificate of dissolution has been issued, the corporation, the attorney general, or, for good cause, a creditor or at least 50 members with voting rights or ten percent of the members with voting rights, whichever is less, may apply to a court within the county in which the registered office of the corporation is located to have the dissolution conducted or continued under the supervision of the court under sections 317A.751 to 317A.765.
History:
History: History:
1989 c 304 s 105
Practical Notes
A nonprofit or its members can ask a court to oversee the dissolution process.