{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/13.1-749.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/13.1-749.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/13.1-749.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/13.1-749.html"}],"law_id":346930,"edition_id":2,"section_id":346930,"structure_id":49801,"section_number":"13.1-749","catch_line":"Decree of dissolution","history":"Code 1950, \u00a7 13.1-99; 1956, c. 428; 1985, c. 522; 2005, c. 765.","full_text":"A\n\nIf after a hearing the court determines that one or more grounds for judicial dissolution described in § 13.1-747 exist, it may enter a decree directing that the corporation shall be dissolved. The clerk of the court shall deliver a certified copy of the decree to the Commission, which shall enter an order of involuntary dissolution.\n\nB\n\nAfter the order of involuntary dissolution has been entered, the court shall direct the winding up and liquidation of the corporation’s business and affairs in accordance with § 13.1-745 and the notification of claimants in accordance with §§ 13.1-746, 13.1-746.1, and 13.1-746.2. When all of the assets of the corporation have been distributed to its creditors and shareholders, the court shall so advise the Commission, which shall enter an order of termination of corporate existence.\n\n","order_by":null,"text":{"0":{"id":1294318,"text":"If after a hearing the court determines that one or more grounds for judicial dissolution described in § 13.1-747 exist, it may enter a decree directing that the corporation shall be dissolved. The clerk of the court shall deliver a certified copy of the decree to the Commission, which shall enter an order of involuntary dissolution.","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"next_prefix":"B"},"1":{"id":1294319,"text":"After the order of involuntary dissolution has been entered, the court shall direct the winding up and liquidation of the corporation’s business and affairs in accordance with § 13.1-745 and the notification of claimants in accordance with §§ 13.1-746, 13.1-746.1, and 13.1-746.2. When all of the assets of the corporation have been distributed to its creditors and shareholders, the court shall so advise the Commission, which shall enter an order of termination of corporate existence.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A"}},"ancestry":[{"id":49801,"edition_id":2,"name":"Dissolution","identifier":"16","label":"article","depth":3,"order_by":21,"parent_id":49780,"metadata":{"child_laws":19,"child_structures":0},"date_created":"2026-08-02 02:15:41","date_modified":"2026-08-02 12:29:13","permalink":{"id":1377609,"object_type":"structure","relational_id":49801,"identifier":"16","token":"13.1\/9\/16","url":"\/13.1\/9\/16\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49780,"edition_id":2,"name":"Virginia Stock Corporation Act","identifier":"9","label":"chapter","depth":2,"order_by":12,"parent_id":49726,"metadata":{"child_laws":265,"child_structures":27},"date_created":"2026-08-02 02:14:54","date_modified":"2026-08-02 12:29:09","permalink":{"id":1377165,"object_type":"structure","relational_id":49780,"identifier":"9","token":"13.1\/9","url":"\/13.1\/9\/","edition_id":2,"permalink":0,"preferred":1}},{"id":49726,"edition_id":2,"name":"Corporations","identifier":"13.1","label":"title","depth":1,"order_by":44,"parent_id":null,"metadata":{"child_laws":894,"child_structures":104},"date_created":"2026-08-02 02:14:01","date_modified":"2026-08-02 12:29:04","permalink":{"id":1374495,"object_type":"structure","relational_id":49726,"identifier":"13.1","token":"13.1","url":"\/13.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":346919,"structure_id":49801,"section_number":"13.1-742","catch_line":"Dissolution by directors and shareholders","url":"\/13.1-742\/","token":"13.1\/9\/16\/13.1-742","metadata":{"court_decisions":{"0":{"name":"Maurag, Inc. v. Bertuglia","case_number":"Civil Action 4:06cv73","citation":"494 F. Supp. 2d 395","date":"2007-07-16","url":"https:\/\/www.courtlistener.com\/opinion\/2150367\/maurag-inc-v-bertuglia\/","abstract":" .\u202f.\u202f. 494 F.Supp.2d 395 (2007) .\u202f.\u202f. ","court_html":"District Court, E.D. Virginia"}}}},{"id":346920,"structure_id":49801,"section_number":"13.1-743","catch_line":"Articles of dissolution","url":"\/13.1-743\/","token":"13.1\/9\/16\/13.1-743","metadata":false},{"id":346921,"structure_id":49801,"section_number":"13.1-744","catch_line":"Revocation of dissolution","url":"\/13.1-744\/","token":"13.1\/9\/16\/13.1-744","metadata":{"court_decisions":""}},{"id":346922,"structure_id":49801,"section_number":"13.1-745","catch_line":"Effect of dissolution","url":"\/13.1-745\/","token":"13.1\/9\/16\/13.1-745","metadata":{"court_decisions":{"0":{"name":"Commonwealth Transp. v. 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","court_html":"SCV<\/abbr>"}}}},{"id":346926,"structure_id":49801,"section_number":"13.1-746","catch_line":"Known claims against dissolved corporation","url":"\/13.1-746\/","token":"13.1\/9\/16\/13.1-746","metadata":{"court_decisions":""}},{"id":346923,"structure_id":49801,"section_number":"13.1-746.1","catch_line":"Other claims against dissolved corporation","url":"\/13.1-746.1\/","token":"13.1\/9\/16\/13.1-746.1","metadata":{"court_decisions":""}},{"id":346924,"structure_id":49801,"section_number":"13.1-746.2","catch_line":"Court proceedings","url":"\/13.1-746.2\/","token":"13.1\/9\/16\/13.1-746.2","metadata":{"court_decisions":""}},{"id":346925,"structure_id":49801,"section_number":"13.1-746.3","catch_line":"Director duties","url":"\/13.1-746.3\/","token":"13.1\/9\/16\/13.1-746.3","metadata":false},{"id":346927,"structure_id":49801,"section_number":"13.1-747","catch_line":"Grounds for judicial dissolution","url":"\/13.1-747\/","token":"13.1\/9\/16\/13.1-747","metadata":{"court_decisions":{"0":{"name":"Schultz v. 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","court_html":"United States Bankruptcy Court, E.D. Virginia"},"3":{"name":"Willard v. Moneta Building Supply, Inc.","case_number":"Record 981836","citation":"515 S.E.2d 277","date":"1999-06-11","url":"https:\/\/www.courtlistener.com\/opinion\/1059739\/willard-v-moneta-building-supply-inc\/","abstract":" .\u202f.\u202f. JUSTICE KINSER .\u202f.\u202f. ","court_html":"SCV<\/abbr>"},"4":{"name":"In re Cole","case_number":"Case No. 15-30979-KLP","citation":"548 B.R. 132","date":"2016-03-24","url":"https:\/\/www.courtlistener.com\/opinion\/8526836\/in-re-cole\/","abstract":" .\u202f.\u202f. MEMORANDUM OPINION .\u202f.\u202f. ","court_html":"United States Bankruptcy Court, E.D. Virginia"},"5":{"name":"Owens v. Owens","case_number":"3140023","citation":"589 S.E.2d 488","date":"2003-12-16","url":"https:\/\/www.courtlistener.com\/opinion\/1064049\/owens-v-owens\/","abstract":" .\u202f.\u202f. 589 S.E.2d 488 (2003) .\u202f.\u202f. ","court_html":"COA<\/abbr>"},"6":{"name":"CATTANO v. 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","court_html":"SCV<\/abbr>"},"1":{"name":"Commonwealth Ex Rel. Beales v. Joco Foundation","case_number":"Record 011794","citation":"558 S.E.2d 280","date":"2002-01-11","url":"https:\/\/www.courtlistener.com\/opinion\/1059393\/commonwealth-ex-rel-beales-v-joco-foundation\/","abstract":" .\u202f.\u202f. SENIOR JUSTICE COMPTON .\u202f.\u202f. ","court_html":"SCV<\/abbr>"},"2":{"name":"Giannotti v. Hamway","case_number":"Record 880555","citation":"387 S.E.2d 725","date":"1990-01-12","url":"https:\/\/www.courtlistener.com\/opinion\/1261157\/giannotti-v-hamway\/","abstract":" .\u202f.\u202f. 387 S.E.2d 725 (1990) .\u202f.\u202f. 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The record of this law\u2019s original creation isn\u2019t available online. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 1956, chapter 428; in 1985, chapter 522; in 2005, chapter 765<\/a>.<\/p>","references":[{"id":346935,"section_number":"13.1-754","catch_line":"Reinstatement of a corporation that has ceased to exist","order_by":null,"url":"\/13.1-754\/"}],"refers_to":[{"id":346922,"section_number":"13.1-745","catch_line":"Effect of dissolution","order_by":null,"url":"\/13.1-745\/"},{"id":346926,"section_number":"13.1-746","catch_line":"Known claims against dissolved corporation","order_by":null,"url":"\/13.1-746\/"},{"id":346923,"section_number":"13.1-746.1","catch_line":"Other claims against dissolved corporation","order_by":null,"url":"\/13.1-746.1\/"},{"id":346924,"section_number":"13.1-746.2","catch_line":"Court proceedings","order_by":null,"url":"\/13.1-746.2\/"},{"id":346927,"section_number":"13.1-747","catch_line":"Grounds for judicial dissolution","order_by":null,"url":"\/13.1-747\/"}],"permalink":{"id":1377651,"object_type":"law","relational_id":346930,"identifier":"13.1-749","token":"13.1\/9\/16\/13.1-749","url":"\/13.1-749\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/13.1-749\/","token":"13.1\/9\/16\/13.1-749","dublin_core":{"Title":"Decree of dissolution","Type":"Text","Format":"text\/html","Identifier":"\u00a7 13.1-749","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

A.<\/span> If after a hearing<\/span> the court<\/span> determines that one or more grounds for judicial dissolution described in § 13.1-747<\/a> exist, it may enter a decree<\/span> directing that the corporation<\/span> shall be dissolved. The clerk of the court<\/span> shall deliver<\/span> a certified copy of the decree<\/span> to the Commission<\/span>, which shall enter an order<\/span> of involuntary dissolution. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> After the order<\/span> of involuntary dissolution has been entered, the court<\/span> shall direct the winding up and liquidation<\/span> of the corporation<\/span>’s business and affairs in accordance with § 13.1-745<\/a> and the notification of claimants in accordance with §§ 13.1-746<\/a>, 13.1-746.1<\/a>, and 13.1-746.2<\/a>. When all of the assets<\/span> of the corporation<\/span> have been distributed to its creditors<\/span> and shareholders<\/span>, the court<\/span> shall so advise the Commission<\/span>, which shall enter an order<\/span> of termination of corporate existence. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nDECREE OF DISSOLUTION (\u00a7 13.1-749)\n\nA. If after a hearing the court determines that one or more grounds for judicial\ndissolution described in § 13.1-747 exist, it may enter a decree directing\nthat the corporation shall be dissolved. The clerk of the court shall deliver a\ncertified copy of the decree to the Commission, which shall enter an order of\ninvoluntary dissolution.\n\nB. After the order of involuntary dissolution has been entered, the court shall\ndirect the winding up and liquidation of the corporation’s business and\naffairs in accordance with § 13.1-745 and the notification of claimants in\naccordance with §§ 13.1-746, 13.1-746.1, and 13.1-746.2. When all of\nthe assets of the corporation have been distributed to its creditors and\nshareholders, the court shall so advise the Commission, which shall enter an\norder of termination of corporate existence.\n\nHISTORY: Code 1950, \u00a7 13.1-99; 1956, c. 428; 1985, c. 522; 2005, c. 765.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}