Georgia Statutes
§ 14-2-1405 — Effect of notice of intent to dissolve
Georgia·Title 14
A corporation that has filed a notice of intent to dissolve continues its corporate existence but may not carry on any business except that appropriate to wind up and liquidate its business and affairs, including:
(1)Collecting its assets;
(2)Disposing of its properties that will not be distributed in kind to its shareholders;
(3)Discharging or making provision for discharging its liabilities;
(4)Distributing its remaining property among its shareholders according to their interests; and (5) Doing every other act necessary to wind up and liquidate its business and affairs.
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Nearby Sections
15
§ 14-10-1
Short title§ 14-10-10
Ownership§ 14-10-17
Actions by or against associations§ 14-10-2
Definitions§ 14-10-3
Persons entitled to form association; purpose; limitation to one type of professional service§ 14-10-4
Formation