Arizona § 10-1815 - Involuntary dissolution or liquidation pursuant to court order
Full text of Arizona Arizona Revised Statutes § 10-1815 — Involuntary dissolution or liquidation pursuant to court order, with citation guidance and answers to common questions.
§ 10-1815. Involuntary dissolution or liquidation pursuant to court order
The superior court shall have full power to liquidate the assets and business of a close corporation:
1. In an action filed by an investor when the court finds:
(a) That a deadlock or dispute involving the internal affairs of the corporation, continues to impair or threatens to impair the value of the assets or the continued conduct of the business of the corporation, notwithstanding bona fide attempts to utilize the arbitration provisions in the articles of incorporation if available and the provisions of section 10-1814.
(b) That a deadlock or dispute involving the internal affairs of the corporation, impairs or threatens to impair the value of the assets or the continued conduct of the business of the corporation and no provision is contained in the articles of incorporation for arbitration of such disputes and that it would be useless effort to invoke the provisions of section 10-1814.
(c) That the investors are so divided respecting the management of the business and affairs of the corporation that either the corporation is suffering or will suffer irreparable injury, or the business and affairs of the corporation can no longer be conducted to the advantage of the investors generally, and the provisions of sections 10-1806 and 10-1814 are inapplicable.
(d) That the corporation has abandoned its business and has failed within a reasonable period of time to take steps to dissolve and liquidate its affairs and distribute its assets.
2. In an action by a creditor of the corporation in the manner provided by section 10-1430, subsection B.
3. In an action filed by the attorney general in the manner provided by section 10-1430, subsection A.
Source: official Arizona text · Last verified 2026-08-27
Frequently Asked Questions About Arizona § 10-1815
What does Arizona Revised Statutes § 10-1815 cover?
Section 10-1815 ("Involuntary dissolution or liquidation pursuant to court order") is part of the Arizona Revised Statutes, the codified statutory law of Arizona. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Arizona § 10-1815?
A common citation format is "Arizona Revised Statutes § 10-1815" (Arizona). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Arizona law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Arizona official source linked on this page or consult a licensed Arizona attorney.
How does Arizona § 10-1815 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Arizona can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Arizona.