Rhode Island § 7-6-69 § 7-6-69. Continuation of certain corporate powers.

Rhode Island Statutes

§ 7-6-69 — § 7-6-69. Continuation of certain corporate powers.

Rhode Island·Title 7 Corporations, Associations and Partnerships·Ch. 7-6 Rhode Island Nonprofit Corporation Act

§ 7-6-69. Continuation of certain corporate powers.
Any corporation dissolved in any manner under this chapter or any corporation whose
            certificate of incorporation is revoked by the secretary of state under § 7-6-56 nevertheless continues for five (5) years after the date of the dissolution or revocation
            for the purpose of enabling it to settle and close out its affairs, to dispose of
            and convey its property, to discharge its liabilities, and to distribute its assets,
            but not for the purpose of continuing the activities for which it was organized. The
            members, directors, and officers have power to take any corporate or other action
            that is appropri

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§ 7-6-69. Continuation of certain corporate powers.

Any corporation dissolved in any manner under this chapter or any corporation whose certificate of incorporation is revoked by the secretary of state under § 7-6-56 nevertheless continues for five (5) years after the date of the dissolution or revocation for the purpose of enabling it to settle and close out its affairs, to dispose of and convey its property, to discharge its liabilities, and to distribute its assets, but not for the purpose of continuing the activities for which it was organized. The members, directors, and officers have power to take any corporate or other action that is appropriate to carry out the purposes of this section.

Rhode Island § 7-6-69 (§ 7-6-69. Continuation of certain corporate powers.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.