180.1431 Procedure for judicial dissolution.
(1) It is not necessary to make shareholders parties to a proceeding to dissolve a corporation unless relief is sought against them individually.
(2) A court in a proceeding brought to dissolve a corporation may issue injunctions, appoint a receiver pendente lite with all the powers and duties that the court directs, take other action required to preserve the corporate assets wherever located and carry on the business of the corporation until a full hearing can be held.
History: 1989 a. 303.