(1) A company may be wound up by court judgment if it becomes impossible to achieve the company’s purpose or if there are other important grounds for winding up the company which are rooted in the company’s circumstances.
(2) The action to obtain judicial dissolution is to be brought against the company. It may be brought only by shareholders whose shares together amount to at least one tenth of the share capital.
(3) That regional court in whose district the company has its registered office has exclusive jurisdiction in respect of such an action.
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§ 60
Grounds for winding up company
Footnotes
To Commentary for lawyers
on Section § 61 Auflösung durch Urteil
Relevance for legal relations