Utah Code § 63H-8-411

Asset disposition upon dissolution of corporation.

Last amended: 2015Year: 2026Length: 47 wordsOfficial source
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 money, property, rights, claims, and interests of the corporation shall revert or be conveyed to the state.
Utah Code § 63H-8-411: Asset disposition upon dissolution of corporation. | Justis AI