Section 10A-1-9.21 – Known Claims Against Dissolved Domestic Entity.
Section 10A-1-9.21 Known claims against dissolved domestic entity. (a) A dissolved domestic entity may dispose of the known claims against it by following the procedure described in subsection (b) at any time after the effective date of the dissolution of that dissolved domestic entity. (b) A dissolved domestic entity shall give notice of the dissolution […]
Section 10A-1-9.22 – Unknown Claims Against Dissolved Domestic Entity.
Section 10A-1-9.22 Unknown claims against dissolved domestic entity. (a) A dissolved domestic entity may publish notice of its dissolution and request that persons with claims against the dissolved domestic entity present them in accordance with the notice. (b) The notice authorized by subsection (a) must: (1) Be published at least one time in a newspaper […]
Section 10A-1-9.31 – Revocation of Voluntary Winding Up.
Section 10A-1-9.31 Revocation of voluntary winding up. (a) A domestic entity may revoke a voluntary decision to dissolve the entity by approval of the revocation in the manner and within the time specified in the chapter of this title governing the entity. If the chapter of this title does not specify a time within which […]
Section 10A-1-9.32 – Reinstatement.
Section 10A-1-9.32 Reinstatement. In addition to the grounds for reinstating a dissolved entity pursuant to the chapter of this title applicable to the entity, if the chapter of this title applicable to the entity does not provide for reinstatement, the entity may be reinstated if the legal existence of the entity is necessary to: (1) […]
Section 10A-1-6.24 – Advancement of Expenses.
Section 10A-1-6.24 Advancement of expenses. (a) An enterprise may pay or reimburse reasonable expenses incurred by a governing person, former governing person, or delegate that was, is, or is threatened to be made a respondent in a proceeding in advance of the final disposition of the proceeding without making the determinations required under Section 10A-1-6.21(a) […]
Section 10A-1-7.21 – Transaction of Business Without Registration; Generally.
Section 10A-1-7.21 Transaction of business without registration; generally. (a) A foreign entity transacting business in this state, except a corporation or other organization formed pursuant to federal law, may not maintain any action, suit, or proceeding in any court of this state until it has registered in this state. (b) The failure of a foreign […]
Section 10A-1-9.01 – Applicability of This Article to Certain Entities.
Section 10A-1-9.01 Applicability of this article to certain entities. This article does not apply to business corporations, limited liability companies, general partnerships, and limited partnerships. (Act 2018-125, §5; Act 2019-94, §2.)
Section 10A-1-6.25 – Indemnification and Advancement of Expenses to Persons Other Than Governing Persons.
Section 10A-1-6.25 Indemnification and advancement of expenses to persons other than governing persons. (a) Notwithstanding any other provision of this chapter but subject to subsection (d) and to the extent consistent with other law, an enterprise may indemnify and advance expenses to a person who is not a governing person, including an officer, employee, agent, […]
Section 10A-1-7.22 – Transaction of Business Without Registration; Actions to Restrain.
Section 10A-1-7.22 Transaction of business without registration; actions to restrain. (a) The failure of a foreign filing entity to register to transact business in this state or to appoint and maintain a registered agent in this state shall not impair the validity of any contract or act of the foreign entity and shall not prevent […]
Section 10A-1-9.02 – Definitions.
Section 10A-1-9.02 Definitions. In this article, the following terms have the following meanings: (1) CLAIM. A right to payment, damages, or property, whether liquidated or unliquidated, accrued or contingent, matured or unmatured. (2) WINDING UP. The process of winding up the business and affairs of a domestic entity as a result of the occurrence of […]