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Home / Opinion Digests / Business Law / Limited Nonsuit Right for Dissolution Petition (access required)

Limited Nonsuit Right for Dissolution Petition (access required)

A plaintiff may not rely on Va. Code § 8.01-380 to nonsuit a petition for dissolution of a corporation under Code § 13.1-747(A)(1) after the corporation or one or more shareholders has elected to purchase all of plaintiff’s shares pursuant to Va. Code § 13.1-749.1, a Virginia Beach Circuit Court says, but a court may ...

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