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California Corporations Code

§ 6716

CORP § 6716 Effective Jan 1, 2012Div. 2 · Title 1 · Part 2 · Ch. 17

Statute text

View on leginfo.ca.gov
After complying with the provisions of Section 6713:
(a)Except as provided in Section 6715, all of a corporation’s assets shall be disposed of on dissolution in conformity with its articles or bylaws subject to complying with the provisions of any trust under which such assets are held.
(b)Except as provided in subdivision (c), the disposition required in subdivision (a) shall be made by decree of the superior court of the proper county in proceedings to which the Attorney General is a party. The decree shall be made upon petition therefor by the Attorney General or, upon 30 days’ notice to the Attorney General, by any person concerned in the dissolution.
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Legislative history

Amended by Stats. 2011, Ch. 442, Sec. 13. (AB 1211) Effective January 1, 2012.

Source: California Corporations Code § 6716 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.