§ 10-33-100 — Procedure in dissolution

1. When a notice of intent to dissolve has been filed with the secretary of state, the
board, or the officers acting under the direction of the board, shall proceed as soon as
possible to collect or make provision for the collection of debts owing to the
corporation and to pay or make provision for the payment of debts, obligations, and
liabilities of the corporation according to their priorities.
2. Notwithstanding section 10-33-94, when a notice of intent to dissolve has been filed
with the secretary of state, the directors may sell, lease, transfer, or otherwise dispose
of all or substantially all of the property and assets of a dissolving corporation without a
vote of the members, subject to sections 10-33-95 and 10-33-122.
3. Property must be distributed under section 10-33-105.