California Statutes
§ 2004. — 2004. (Amended by Stats. 1976, Ch. 641.)
California·Code CORP Corporations Code - CORP·Div. 1.·Title 1. DIVISION 1. GENERAL CORPORATION LAW·Ch. 20. CHAPTER 20. General Provisions Relating to Dissolution
After determining that all the known debts and liabilities of a corporation in the process of winding up have been paid or adequately provided for, the board shall distribute all the remaining corporate assets among the shareholders according to their respective rights and preferences or, if there are no shareholders, to the persons entitled thereto. If the winding up is by court proceeding or subject to court supervision, the distribution shall not be made until after the expiration of any period for the presentation of claims which has been prescribed by order of the court.
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California § 2004. (2004. (Amended by Stats. 1976, Ch. 641.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Fantasy, Inc. v. Fogerty
664 F. Supp. 1345 (N.D. California, 1987)
Legislative History
Amended by Stats. 1976, Ch. 641.