Georgia § 14-3-1406 Effect of notice of intent to dissolve

Georgia Statutes

§ 14-3-1406 — Effect of notice of intent to dissolve

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 in accordance with the plan of dissolution;

(3)Discharging or making provision for discharging its liabilities;

(4)Distributing its remaining property in accordance with the plan of dissolution; and (5) Doing every other act necessary to wind up and liquidate its business and affairs.

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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 in accordance with the plan of dissolution; (3) Discharging or making provision for discharging its liabilities; (4) Distributing its remaining property in accordance with the plan of dissolution; and (5) Doing every other act necessary to wind up and liquidate its business and affairs.

Georgia § 14-3-1406 (Effect of notice of intent to dissolve) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.