35-9-504. Extraordinary relief -- dissolution. (1) The court may dissolve the corporation if it finds:
(a) one or more grounds for judicial dissolution under 35-1-938; or
(b) all other relief ordered by the court under 35-9-502 or 35-9-503 has failed to resolve the matters in dispute.
(2) 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.
History: En. Sec. 25, Ch. 432, L. 1987; amd. Sec. 205, Ch. 368, L. 1991.