§ 35A-8-726. Asset disposition upon dissolution of corporation.

Latest version.

Upon dissolution of the corporation:

(1) all liabilities and obligations of the corporation, including obligations to bondholders, shall be paid, satisfied, discharged, or adequately provided for; and

(2) all remaining money, property, rights, claims, and interests of the corporation shall revert or be conveyed to the state.

Renumbered and Amended by Chapter 212, 2012 General Session

                    
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