State Codes and Statutes

Statutes > Utah > Title-09 > Chapter-04 > 9-4-926

9-4-926. 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 funds, property, rights, claims, and interests of the corporation shallrevert or be conveyed to the state.

Enacted by Chapter 319, 2001 General Session

State Codes and Statutes

Statutes > Utah > Title-09 > Chapter-04 > 9-4-926

9-4-926. 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 funds, property, rights, claims, and interests of the corporation shallrevert or be conveyed to the state.

Enacted by Chapter 319, 2001 General Session