United States:
California Corporations Code Section 2000: A Solution To Corporate Dissolution
19 March 2015
Fox Rothschild LLP
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When there's a will, there is sometimes a
way.
Such is the adaptation on the old adage when applied to
California Corporations Section 2000 (Section 2000).
The intent of Section 2000 is to afford warring
shareholder groups an alternative to flat-out
dissolution. In some instances, the statute
enables both parties to achieve their goals.
However, the law of unintended consequences often rears its ugly
head. This article describes Section 2000 and
identifies some of the areas of controversy that arise with its
application.
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The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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