Section 10.20.385. Procedure in liquidation of corporation by court.

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In a proceeding to liquidate the assets and business of a corporation the superior court may issue injunctions, appoint a receiver pendente lite with powers and duties as the court may direct, and take other proceedings necessary to preserve the corporate assets wherever situated and carry on the business of the corporation until a full hearing is had.

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History

(Sec. 1 ch 99 SLA 1968)

                    
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