Connecticut Statutes

§ 33-1178b — Duties of directors of dissolved corporation.

Connecticut·Title 33 Corporations·Ch. 602 Nonstock Corporations
(a)Directors of a dissolved corporation shall cause the dissolved corporation to discharge or make reasonable provision for the payment of claims and make distributions of assets to members after payment of or provision for claims.
(b)Directors of a dissolved corporation which has disposed of claims under section 33-1177 , 33-1178 or 33-1178a shall not be liable for breach of subsection (a) of this section with respect to claims against the dissolved corporation that are barred or satisfied under sections 33-1177 , 33-1178 or 33-1178a .

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Connecticut § 33-1178b (Duties of directors of dissolved corporation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

(P.A. 03-18, S. 53; 03-278, S. 127.) History: P.A. 03-18 effective July 1, 2003; P.A. 03-278 made a technical change in Subsec. (b), effective July 1, 2003.

Nearby Sections

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