Young v. JCR Petroleum, Inc.

NEELY, Justice:

This is a certified question from the Circuit Court of Clay County that asks us whether the courts of the State of West Virginia have the power to dissolve corporations that are incorporated under the laws of another state. We hold that neither W.Va.Code 31-1-41 [1974] nor W.Va. Code 31-1-134 [1974] grants the courts such a power.

I

Charles W. Young, J.R. Barati, and Jerry L. Willey own JCR Petroleum in its entirety, owning 40 percent, 40 percent, and 20 percent of the shares, respectively. JCR Petroleum, Inc. was incorporated in the State of Ohio on or about 8 September 1988.…