GroundRules
15 Pa.C.S. § 1982: Proceedings upon application of creditor.
Where this section sits in the code
- Title 15 - CORPORATIONS AND UNINCORPORATED ASSOCIATIONS
- PART II CORPORATIONS
- SUBPART B BUSINESS CORPORATIONS
- ARTICLE B DOMESTIC BUSINESS CORPORATIONS GENERALLY
- CHAPTER 19 FUNDAMENTAL CHANGES
- SUBCHAPTER G INVOLUNTARY LIQUIDATION AND DISSOLUTION
Upon application filed by a creditor of a business corporation whose claim has either been reduced to judgment and an execution thereon returned unsatisfied or whose claim is admitted by the corporation, the court may entertain proceedings for the involuntary winding up and dissolution of the corporation when, in either case, it is made to appear that the corporation is unable to discharge its liabilities in the regular course of business, as they mature, or is unable to afford reasonable security to those who may deal with it.
Collected 2026-09-02T16:31:13Z. Source file · JSON