SECTION 607.1434. Alternative remedies to judicial dissolution.

Latest version.

1(1) 2In a proceeding under s. 7607.1430, 8the court may, as an alternative to directing the dissolution of the corporation and upon a showing of sufficient merit to warrant such remedy:
32(a) 33Appoint a receiver or custodian during the proceeding as provided in s. 45607.1432;
46(b) 47Appoint a provisional director as provided in s. 55607.1435;
56(c) 57Order a purchase of the petitioning shareholder’s shares pursuant to s. 68607.1436; 69or
70(d) 71Make any order or grant any equitable relief other than dissolution as in its discretion it may deem appropriate.
90(2) 91Alternative remedies, such as the appointment of a receiver or custodian, may also be ordered in the discretion of the court, upon a showing of sufficient merit to warrant such remedy, in advance of directing the dissolution of the corporation or, after a judgment of dissolution is entered, to assist in facilitating the winding up of the corporation.

History.-s. 9, ch. 94-327; s. 193, ch. 2019-90.

Bills Cite this Section:

None

Implemented Rule (1):

6A-6.03315. Private School Scholarship Compliance Form

Cited by Court Cases:

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