You are exercising your right of involuntary liquidation in view of the potential adverse effects on community government.
An entity may be dissolved by the Securities and Exchange Commission upon filing a verified complaint and giving proper notice and hearing for reasons prescribed by existing laws, rules and regulations.
State can sue to dissolve the company for any of her five reasons: Retained a representative and did not notify the state of the change.
After the company is dissolved, its assets must be liquidated. Liquidation refers to the process of selling or auctioning a company's tangible assets. Note that only assets owned by the company can be liquidated. Therefore, assets used as collateral for loans cannot be liquidated.
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