California Corporations Code

§ 2001

CORP § 2001Div. 1 · Title 1 · Ch. 20

Statute text

The powers and duties of the directors (or other persons appointed by the court pursuant to Section 1805) and officers after commencement of a dissolution proceeding include, but are not limited to, the following acts in the name and on behalf of the corporation:

(a)To elect officers and to employ agents and attorneys to liquidate or wind up its affairs.

(b)To continue the conduct of the business insofar as necessary for the disposal or winding up thereof.

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Legislative history

Amended by Stats. 1976, Ch. 641.