When shareholders who own 50% of a corporation elect to wind up and dissolve the corporation, is it voluntary or involuntary dissolution?
California, United States of America
The following excerpt is from Sahatjian v. Sahatdjian, F065113 (Cal. App. 2014):
9. When shareholders who own 50 percent of a corporation elect to wind up and dissolve the corporation, this is called a "voluntary" dissolution. ( 1900.) The buy-out procedure of section 2000 may be invoked in response to an action for either voluntary or involuntary dissolution. ( 2000, subd. (a); see Mart v. Severson (2002) 95 Cal.App.4th 521, 524.)
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