17-6810.   Same; payment of corporate debts;distribution to stockholders.The directors or, if appointed by the district court, the receivers of adissolved corporation, after payment of all allowances, expenses and costs, andthe satisfaction of all special and general liens upon the funds of thecorporation to the extent of their lawful priority, shall pay the other debtsdue from the corporation, if the funds in their hands shall be sufficienttherefor, and if not, they shall distribute the same ratably among all thecreditors who shall prove their debts in the manner that shall be directed byan order or decree of the court for that purpose. If there shall be any balanceremaining after the payment of the debts and necessary expenses, they shalldistribute and pay the same to and among those who shall be justly entitledthereto, as having been stockholders of the corporation ortheir legal representatives.

      History:   L. 1972, ch. 52, § 100;L. 2004, ch. 143, § 61; Jan. 1, 2005.