Asset disposition upon dissolution of corporation.
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Affected by 63I-1-263 on 7/1/2026
Effective 5/12/2015 63H-8-411. Asset disposition upon dissolution of corporation.
(1) all liabilities and obligations of the corporation, including obligations to bondholders, shall be paid, satisfied, discharged, or adequately provided for; and
(2) all remaining money, property, rights, claims, and interests of the corporation shall revert or be conveyed to the state.