Section 214 — Canada Business Corporations Act: Further grounds

A court may order the liquidation and dissolution of a corporation or any of its affiliated corporations on the application of a shareholder, if the court is satisfied that in respect of a corporation or any of its affiliates any act or omission of the corporation or any of its affiliates effects a result, the business or affairs of the corporation or any of its affiliates are or have been carried on or conducted in a manner, or the powers of the directors of the corporation or any of its affiliates are or have been exercised in a manner that is oppressive or unfairly prejudicial to or that unfairly disregards the interests of any security holder, creditor, director or officer; or if the court is satisfied that a unanimous shareholder agreement entitles a complaining shareholder to demand dissolution of the corporation after the occurrence of a specified event and that event has occurred, or it is just and equitable that the corporation should be liquidated and dissolved. On an application under this section, a court may make such order under this section or section 241 as it thinks fit. Section 242 applies to an application under this section.