Section 10A-1-9.11 – Event Requiring Winding Up of Domestic Entity.

Section 10A-1-9.11 Event requiring winding up of domestic entity. The dissolution of a domestic entity shall be as specified in the chapter of this title applicable to the entity. (Act 2009-513, p. 967, §75.)

Section 10A-1-9.12 – Winding Up Procedures.

Section 10A-1-9.12 Winding up procedures. (a) As soon as reasonably practicable after a domestic entity is dissolved, the domestic entity shall: (1) cease to carry on its business, except to the extent necessary to wind up its business; (2) collect and sell its property to the extent the property is not to be distributed in […]