Brought by legal action from state, shareholders, directors, or creditors.
By state: if corp formed by fraud, abuse of power, ultra vires act, illegal business, or violation of a law that requires dissolution. Includes failure to pay fees or taxes.
By shareholders: by adopting resolution declaring insolvency or that dissolution will be beneficial to the shareholders.
By directors: majority adopts resolution finding insolvency or that dissolution will be beneficial to shareholders.