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HomeCorporations CodeCh. 16§ 8617 Corporate Dissolution Court Petition

§ 8617 Corporate Dissolution Court Petition

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 8617 Corporate Dissolution Court Petition

Key Takeaways

  • •If a company wants to close down, it can ask a court to say it's officially done instead of just filing papers.
  • •The court will tell everyone who might care (like people the company owes money to) that this is happening.
  • •If someone who cares doesn’t speak up in 30 days, they can’t complain later.
  • •Once the court says it’s done, the company is officially closed.

Example

A small toy store wants to close forever. Instead of just filling out forms, they ask a court to say they’re officially closed.

The court tells everyone who might be owed money or toys (like suppliers or customers) that the store is closing. If no one complains in 30 days, the court says the store is done, and it’s like it never existed.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source
View on CA.gov

§ 8617 Corporate Dissolution Court Petition

(a) The board, in lieu of filing the certificate of dissolution, may petition the superior court of the proper county for an order declaring the corporation duly wound up and dissolved. Such petition shall be filed in the name of the corporation. (b) Upon the filing of the petition, the court shall make an order requiring all interested persons, including the Attorney General in the case of a corporation holding assets in charitable trust, to show cause why an order shall not be made declaring the corporation duly wound up and dissolved and shall direct that the order be served by notice to all creditors, claimants, and members in the same manner as the notice given under subdivision (b) of Section 8517. (c) Any person claiming to be interested as member, creditor or otherwise may appear in the proceeding at any time before the expiration of 30 days from the completion of publication of the order to show cause and contest the petition, and upon failure to appear such person’s claim shall be barred. (d) Thereafter an order shall be entered and filed and have the effect as prescribed in Sections 8518 and 8519. (Amended by Stats. 1979, Ch. 724.)

Last verified: January 23, 2026

Key Terms

certificate of dissolutionwound up and dissolvedAttorney Generalcharitable trustorder to show cause

Related Statutes

  • § 6617 Corporate Dissolution Court Petition
  • § 12637 Corporate Dissolution Court Petition
  • § 8614 Corporate Winding Up Oversight
  • § 1907 Corporate Dissolution Court Petition
  • § 12631 Corporate Dissolution Certificate Filing

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 8617.
View Official Source