Yes, but winding-up is usually treated as a serious remedy rather than a routine one. Under OBCA s. 207(1), the court may wind up a corporation where oppressive conduct is established, where a USA entitles a complaining shareholder to demand dissolution after a specified event, or where it is “just and equitable” for some reason other than bankruptcy or insolvency that the corporation be wound up.
Frequently Asked Questions
Can the court wind up the corporation because of a shareholder dispute?
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