CPA · Business Corporations Act
Part 17 — Liquidation and Dissolution
214 Dissolution by court order
Court for an order dissolving a corporation if the corporation has
(a) failed for 2 or more consecutive years to comply with the
requirements of this Act with respect to the holding of
annual meetings of shareholders,
(b) contravened section 17(2), 23, 157 or 159, or
(c) procured any certificate u nder this Act by misrepresentation.
(2) An applicant under this section, other than the Registrar, shall
give the Registrar notice of the application, and the Registrar is
entitled to appear and be heard in person or by counsel.
(3) On an application under this section or section 213, the Court
may order that the corporation be dissolved or that the corporation
be liquidated and dissolved under the supervision of the Court, and
the Court may make any other order it thinks fit.
(4) On receipt of an order under this section or section 213 or 215,
the Registrar shall
(a) if the order is to dissolve the corporation, issue a certi ficate
of dissolution, or
(b) if the order is to liquidate and dissolve the corporation under
the supervision of the Court, issue a certificate of intent to
dissolve
and publish notice of the order in the Registrar's periodical or The
Alberta Gazette.
(5) The corporation ceases to exist on the date shown in the
certificate of dissolution.
RSA 2000 cB-9 s214;2021 c18 s54
RSA 2000