One Click Case Law for § 14-3-1406
O.C.G.A. § 14-3-1405 <-- --> O.C.G.A. §14-3-1407

2010 Georgia Code

TITLE 14 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 3 - NONPROFIT CORPORATIONS
ARTICLE 14 - DISSOLUTION
PART 1 - VOLUNTARY DISSOLUTION
§ 14-3-1406 - Effect of notice of intent to dissolve

O.C.G.A. 14-3-1406 (2010)
14-3-1406. Effect of notice of intent to dissolve


A corporation that has filed a notice of intent to dissolve continues its corporate existence but may not carry on any business except that appropriate to wind up and liquidate its business and affairs, including:

(1) Collecting its assets;

(2) Disposing of its properties that will not be distributed in kind in accordance with the plan of dissolution;

(3) Discharging or making provision for discharging its liabilities;

(4) Distributing its remaining property among its members in accordance with the plan of dissolution; and

(5) Doing every other act necessary to wind up and liquidate its business and affairs.