Rhode Island § 7-6-65 § 7-6-65. Decree of involuntary dissolution.

Rhode Island Statutes

§ 7-6-65 — § 7-6-65. Decree of involuntary dissolution.

Rhode Island § 7-6-65

Title 7Corporations, Associations and Partnerships

Ch. 7-6Rhode Island Nonprofit Corporation Act

This text of Rhode Island § 7-6-65 (§ 7-6-65. Decree of involuntary dissolution.) is published on Counsel Stack Legal Research, covering Rhode Island primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

R.I. Gen. Laws § 7-6-65 (2026).

Text

§ 7-6-65. Decree of involuntary dissolution.
In proceedings to liquidate the assets and affairs of a corporation, when the costs
            and expenses of the proceedings and all debts, obligations, and liabilities of the
            corporation shall have been paid and discharged and all of its remaining property
            and assets distributed in accordance with the provisions of this chapter, or in case
            its property and assets are not sufficient to satisfy and discharge the costs, expenses,
            debts, and obligations, and all the property and assets have been applied so far as
            they will go to their payment, the court shall enter a decree dissolving the corporation,
            at 

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§ 7-6-65. Decree of involuntary dissolution.

In proceedings to liquidate the assets and affairs of a corporation, when the costs and expenses of the proceedings and all debts, obligations, and liabilities of the corporation shall have been paid and discharged and all of its remaining property and assets distributed in accordance with the provisions of this chapter, or in case its property and assets are not sufficient to satisfy and discharge the costs, expenses, debts, and obligations, and all the property and assets have been applied so far as they will go to their payment, the court shall enter a decree dissolving the corporation, at which time the existence of the corporation ceases.