§ 1907 Corporate Dissolution Court Petition

Corporations Code·California

AI SummaryVerified

This law lets a company’s board ask a court to officially say the company is closed and dissolved instead of filing a regular dissolution certificate.

Key Takeaways

•The board can petition the court for dissolution instead of filing a certificate.
•The court must notify all creditors, claimants, and shareholders about the petition.
•Anyone with a claim has 30 days after the notice to appear and argue; if they don’t, their claim is lost.
•After the court’s order, the dissolution follows the rules in Sections 1808 and 1809.

Example

A small business decides to shut down. The board files a petition with the court asking it to declare the business dissolved.

The court will tell all the company’s creditors, people who might have a claim, and the shareholders about the petition. Anyone who thinks they still have a right to money or property has 30 days after the notice is published to show up in court and argue their case. If they don’t show up, they lose that right. After the court’s order is entered, the company is officially dissolved.

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

Official Source

View on CA.gov

§ 1907 Corporate Dissolution Court Petition

(a) The board, in lieu of filing the certificate of dissolution, may petition the superior court of the proper county for an order declaring the corporation duly wound up and dissolved. Such petition shall be filed in the name of the corporation. (b) Upon the filing of the petition, the court shall make an order requiring all persons interested to show cause why an order should not be made declaring the corporation duly wound up and dissolved and shall direct that the order be served by notice to all creditors, claimants and shareholders in the same manner as the notice given under subdivision (b) of Section 1807. (c) Any person claiming to be interested as shareholder, creditor or otherwise may appear in the proceeding at any time before the expiration of 30 days from the completion of publication of the order to show cause and contest the petition, and upon failure to appear such person’s claim shall be barred. (d) Thereafter an order shall be entered and filed and have the effect as prescribed in Sections 1808 and 1809. (Repealed and added by Stats. 1975, Ch. 682.)

Last verified: January 10, 2026

Key Terms

certificate of dissolution wound up and dissolved order to show cause 30 days

References

Official text at leginfo.legislature.ca.gov
California Legislature. Corporations Code. Section 1907.

§ 1907 Corporate Dissolution Court Petition

Corporations Code·California

AI SummaryVerified

§ 1907 Corporate Dissolution Court Petition

This law lets a company’s board ask a court to officially say the company is closed and dissolved instead of filing a regular dissolution certificate.

Key Takeaways

•The board can petition the court for dissolution instead of filing a certificate.
•The court must notify all creditors, claimants, and shareholders about the petition.
•Anyone with a claim has 30 days after the notice to appear and argue; if they don’t, their claim is lost.
•After the court’s order, the dissolution follows the rules in Sections 1808 and 1809.

Example

A small business decides to shut down. The board files a petition with the court asking it to declare the business dissolved.

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

Official Source

View on CA.gov

§ 1907 Corporate Dissolution Court Petition

Last verified: January 10, 2026

Key Terms

certificate of dissolution wound up and dissolved order to show cause 30 days

References

Official text at leginfo.legislature.ca.gov
California Legislature. Corporations Code. Section 1907.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References