In general, courts are reluctant to grant shareholders petitions for corporate dissolution except in extreme circumstances, such

Question:

In general, courts are reluctant to grant shareholders’ petitions for corporate dissolution except in extreme circumstances, such as when corporate directors or shareholders are deadlocked and the suffers as a result. Instead, a court will attempt to “save” the corporate entity whenever possible. Why is this?

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...