Affected by 63I-1-263 on 7/1/2026
Effective 5/12/2015
63H-8-411. Asset disposition upon dissolution of corporation.
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 226, 2015 General Session