17-6811

Chapter 17.--CORPORATIONS
Article 68.--DISSOLUTION AND DISPOSITION OF CORPORATE ASSETS

      17-6811.   Effect of dissolution on action pendingagainst corporation; substitution of receivers.If any corporation becomes dissolved in any manner whatever before finaljudgment is obtained in any action pending or commenced in any court of thisstate against the corporation, the action shall not abate by reason thereof,but the dissolution of the corporation being suggested upon the record, and thenames of the receivers of the corporation being entered upon the record, andnotice thereof served upon the receivers, or if such service be impracticable,upon the counsel of record in such case, the action shall proceed to finaljudgment against the receivers in the name of the corporation.

      History:   L. 1972, ch. 52, § 101;L. 2004, ch. 143, § 62; Jan. 1, 2005.