§ 12624 Corporate Dissolution Orders

Corporations Code·California

AI SummaryVerified

This law lets a court end a corporation by dissolving it or by issuing orders and injunctions to make things fair when there's a good reason.

Key Takeaways

•The court can close a corporation if there's a valid reason.
•It can also issue other orders to handle the situation fairly.
•The goal is to do what's just and equitable for all parties.

Example

A small business owner wants to shut down their company because it's not profitable and creditors are pressuring them.

The court can order the company to be wound up and dissolved, or it can issue other orders to protect everyone involved, as long as it's fair and just.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 12624 Corporate Dissolution Orders

After hearing the court may decree a winding up and dissolution of the corporation if cause therefor is shown or, with or without winding up and dissolution, may make such orders and decrees and issue such injunctions in the case as justice and equity require. (Added by Stats. 1982, Ch. 1625, Sec. 3. Operative January 1, 1984.)

Last verified: January 10, 2026

Key Terms

winding up and dissolution orders and decrees injunctions justice and equity

References

Official text at leginfo.legislature.ca.gov
California Legislature. Corporations Code. Section 12624.

Key Takeaways

Example

Key Terms

Related Statutes

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Key Takeaways

Example

Key Terms

Related Statutes

References