(1) The corporation obtained its articles of incorporation through fraudulent means; or

(2) The corporation has continued to exceed or abuse the authority conferred upon it by law;

(1) The directors are deadlocked in managing corporate affairs;

(2) The shareholders are unable to break the deadlock; and

(3) Irreparable injury to the corporation is either threatened, or being suffered by the corporation; or

(4) The business and affairs of the corporation can no longer be conducted to the advantage of the shareholders generally, because of the deadlock; and

(5) The directors, or those in control of the corporation, have acted, are acting, or will act, in a manner that is illegal, oppressive, or fraudulent;

(6) The shareholders entitled to vote are deadlocked, and have failed, for the period of time between the deadlock and at least two consecutive annual meeting dates, to elect successors to directors whose terms have expired;

(7) Corporate assets are being misapplied or wasted; or

(8) The shareholder has duly exercised an option to dissolve the corporation, and the corporation has failed to proceed with filing articles of dissolution or commence winding up corporate affairs as required by this Code.

(1) The creditor’s claim has been reduced to judgment; and

(2) Execution on the judgment remains unsatisfied; and

(3) The corporation is insolvent; or

(4) The corporation has admitted in writing that the creditor’s claim is due and owing and the corporation is insolvent; or

(5) Where the corporation has expressly requested that its voluntary dissolution continue under Court supervision. [Ord. 18 Part V § 9, adopted, 10/7/2008.]