![]() ![]() (B) Dissolution will be beneficial to the members. ![]() (a) A petition for the judicial dissolution of a corporation may be presented: (1) By a majority of the directors then in office, or by the members, or such of them as are designated for such purpose, when authorized to do so by a resolution adopted by majority vote as provided in paragraph (c) of section 613 (Vote of members) (provided that, notwithstanding any provision of the certificate of incorporation or the by-laws, a members’ meeting to consider such a resolution may be called, no more often than once in any period of twelve consecutive months, by ten percent of the members entitled to vote thereon or by such lesser percentage or number of members as may be provided in the certificate of incorporation or by-laws), in the following cases: (A) The assets of the corporation are not sufficient to discharge its liabilities. ![]() Judicial dissolution petition by directors or members petition in case of deadlock among directors or members. ![]()
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