2025 Session
§ 556.06 — Act of Incorporation, Annulment
Plain-Language Summary
The attorney general can sue to cancel a corporation's articles of incorporation if they were obtained through fraud. This applies when the incorporators made false statements or hid important facts when applying for incorporation.
556.06 ACT OF INCORPORATION, ANNULMENT.
The attorney general may bring an action in the name of the state against a corporation to annul the act of incorporation, or of renewal thereof, on the ground that such act was procured upon some fraudulent suggestion, or concealment of a material fact, by some or all of the incorporators, or with their knowledge and consent.
History:
History: History: (9709) RL s 4543
Practical Notes
If a corporation was created based on lies or hidden information, the attorney general can ask a court to undo the incorporation entirely. This is a powerful remedy reserved for cases involving fraud in the formation process.