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Code · Utah · Title 63H — Independent State Entities · Chapter 8

63H-8-411. Asset disposition upon dissolution of corporation.

66 words·~1 min read·/ut/title-63h/chapter-8/63h-8-411

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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
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