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Georgia State Code
Title      14
Chapter       3  
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Section<<< 1406 1407 1408 1409 1410 1420 1421 1422 1423 1430 >>>  
Title 14, Chapter 3, Section 1406 (14-3-1406)

A corporation that has filed a notice of intent to dissolve continues its corporate existence but may not carry on any business except that appropriate to wind up and liquidate its business and affairs, including:

(1) Collecting its assets;

(2) Disposing of its properties that will not be distributed in kind in accordance with the plan of dissolution;

(3) Discharging or making provision for discharging its liabilities;

(4) Distributing its remaining property among its members in accordance with the plan of dissolution; and

(5) Doing every other act necessary to wind up and liquidate its business and affairs.

Sunday May 24 00:57 EDT


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