California Corporations Code

§ 18420

CORP § 18420 Effective Jan 1, 2006Title 3 · Part 1 · Ch. 6 · Art. 6

Statute text

Promptly after commencement of dissolution of an unincorporated association, the board or, if none, the members shall promptly wind up the affairs of the association, pay or provide for its known debts or liabilities, collect any amounts due to it, take any other action as is necessary or appropriate for winding up, settling, and liquidating its affairs, and dispose of its assets as provided in Section 18130.

Legislative history

Added by Stats. 2005, Ch. 116, Sec. 5. Effective January 1, 2006.