§ 28-1-9-18 — Termination of corporate existence; existing liabilities

(a) Upon the issuance of the certificate of
dissolution and the recording of the certificate of the incorporators or
the articles of dissolution, as the case may be, as provided in section 17
of this chapter, the corporation shall be dissolved and its existence shall
cease.
(b) The dissolution of any corporation in accordance with the
provisions of this section shall not take away or impair any remedy
against such corporation, its directors, officers, or shareholders for any
liabilities incurred by the corporation previous to its dissolution if suit
is brought and service of process is had, as provided by the laws of this
state, within two (2) years after the date of such dissolution.
Formerly: Acts 1933, c.40, s.159. As amended by P.L.263-1985,
SEC.50.