SS · Business Corporations Act
Part 17 — Liquidation and Dissolution
215 Other grounds for liquidation and dissolution pursuant to court order
corporation or any of its affiliated corporations on the application
of a shareholder,
(a) if the Court is satisfied t hat in respect of a corporation or
any of its affiliates
(i) any act or omission of th e corporation or any of its
affiliates effects a result,
(ii) the business or affairs of the corporation or any of its
affiliates are or have been carried on or conducted in a
manner, or
(iii) the powers of t he directors of the corporation or any of
its affiliates are or have been exercised in a manner
that is oppressive or unfairly prejudicial to or that unfairl y
disregards the interests of any security holder, creditor,
director or officer, or
(b) if the Court is satisfied that
(i) a unanimous shareholder agreement entitles a
complaining shareholder to demand dissolution of the
corporation after the occurrence of a specified event and
that event has occurred, or
(ii) it is just and equitable that the corporation should be
liquidated and dissolved.
(2) On an application under this section, the Court may make any
order under this section or section 242 it thinks fit.
(3) Section 243 applies to an application under this section.
1981 cB-15 s207