293-A:14.05 Effect Of Dissolution
Last revised 1992 § Leave a Comment
(a) A dissolved corporation 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 to its shareholders.
- (3) Discharging or making provision for discharging its liabilities.
- (4) Distributing its remaining property among its shareholders according to their interests.
- (5) Doing every other act necessary to wind up and liquidate its business and affairs.
(b) Prior to making any distribution of its remaining property among its shareholders according to their interests, the corporation shall first obtain a certificate of dissolution from the department of revenue administration in accordance with RSA 77-A:18 and RSA 77-E:12.
(c) Dissolution of a corporation does not:
Area of Law
- Title XXVII: Corporations, Associations, And Proprietors Of Common Lands
- Chapter 293-a: New Hampshire Business Corporation Act