Nebraska § 70-731 Dissolution; discharge of liabilities; distribution of assets

Nebraska Statutes

§ 70-731 — Dissolution; discharge of liabilities; distribution of assets

Nebraska·Ch. 70 Power Districts and Corporations

Such corporation shall continue for the purpose of paying, satisfying and discharging any existing liabilities or obligations, and collecting or liquidating its assets, and doing all other acts required to adjust and wind up its business and affairs, and may sue and be sued in its corporate name. Any assets remaining, after all liabilities or obligations of the corporation have been satisfied or discharged, shall be distributed pro rata among the members of the corporation at the time of the filing of the certificate of dissolution.

Free access — add to your briefcase to read the full text and ask questions with AI

Such corporation shall continue for the purpose of paying, satisfying and discharging any existing liabilities or obligations, and collecting or liquidating its assets, and doing all other acts required to adjust and wind up its business and affairs, and may sue and be sued in its corporate name. Any assets remaining, after all liabilities or obligations of the corporation have been satisfied or discharged, shall be distributed pro rata among the members of the corporation at the time of the filing of the certificate of dissolution.

Nebraska § 70-731 (Dissolution; discharge of liabilities; distribution of assets) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.