Frequently Asked Questions

Can the court wind up the corporation because of a shareholder dispute?

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.

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