CHAPTER 17. General Provisions Relating to Dissolution [6710. - 6721.]
Chapter 17 added by Stats. 1978, Ch. 567.
§§ 6710–6721 · 12 sections
- § 6710 The powers and duties of the directors (or other persons appointed by the court pursuant to Section 6515) and officers after commencement of a dissolution…
- § 6711 A vacancy on the board may be filled during a winding up proceeding in the manner provided in Section 5224.
- § 6712 When the identity of the directors or their right to hold office is in doubt, or if they are dead or unable to act, or they fail or refuse to act or their…
- § 6713 (a) After determining that all the known debts and liabilities of a corporation in the process of winding up have been paid or adequately provided for, the…
- § 6714 The payment of a debt or liability, whether the whereabouts of the creditor is known or unknown, has been adequately provided for if the payment has been…
- § 6715 After complying with the provisions of Section 6713, assets held by a corporation upon a valid condition requiring return, transfer, or conveyance, which…
- § 6716 After complying with the provisions of Section 6713: (a) Except as provided in Section 6715, all of a corporation’s assets shall be disposed of on dissolution…
- § 6717 Subject to the provisions of any trust under which assets to be distributed are held, distribution may be made either in money or in property or securities and…
- § 6718 (a) If any creditors or other persons are unknown or fail or refuse to accept their payment or distribution in cash or property or their whereabouts cannot be…
- § 6719 (a) Whenever in the process of winding up a corporation any distribution of assets has been made, otherwise than under an order of court, without prior payment…
- § 6720 (a) A corporation which is dissolved nevertheless continues to exist for the purpose of winding up its affairs, prosecuting and defending actions by or against…
- § 6721 (a) In all cases where a corporation has been dissolved, any person to whom assets were distributed upon dissolution may be sued in the corporate name upon any…