If, from any cause, the canal or other improvement shall become or shall prove to be valueless, any corporator may apply as is provided in other cases of special proceedings, and the court may dissolve the corporation created in connection with it.
N.C. Gen. Stat. § 156-49
Dissolution of corporation
1868-9, c. 164, s. 13; Code, s. 1322; Rev., s. 4007; C.S., s. 5307.
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.