Chapter 4 Corporate Law Aspects of Voluntary Dissolutions and Liquidations

Index

Section 1 Scope of Chapter
Section 2 Dissolution Defined
Section 3 Circumstances Calling for Dissolution
Section 4 General Discussion of Voluntary Dissolution
Section 5 Majority Required
Section 6 FormResolution to Dissolve Affidavit
Section 7 Statutory Conditions and Procedures
Section 8 FormShareholders Consent
Section 9 FormArticles of Dissolution by Voluntary Action
Section 10 Statutory Conditions and Procedures
Section 11 Issues to Be Considered, Particularly When Vote Is Not Unanimous
Section 12 FormResolution of Directors
Section 13 FormNotice to Shareholders
Section 14 FormAffidavit of Mailing
Section 15 FormShareholders Resolutions
Section 16 FormArticles of Dissolution by Voluntary Action
Section 17 Filing and Effect of Articles of Dissolution
Section 18 Notice to ClaimantsWritten
Section 19 Notice to ClaimantsPublication
Section 20 Form of Notice
Section 21 Activities
Section 22 Ceasing to Do Business
Section 23 Compensation of Officers and Directors During Winding Up
Section 24 Provision for Unknown Shareholders
Section 25 Revocation of Dissolution
Section 26 Plan of Liquidation
Section 27 Checklist
Section 28 Request for Termination
Section 29 Dissolution of Corporation With Two Equal Shareholders Unable to Agree on Desirability of Continuance of Business
Section 30 Survival of Remedies and Claims
Section 31 Impact of Securities Regulations
Section 32 Impact of Bankruptcy Laws
Section 33 Duty of Corporation to Discharge or Make Provision for Discharge of Liabilities
Section 34 Statutory Liability
Section 35 Common Law Liability
Section 36 Statutory Liability
Section 37 Common Law Liability
Section 38 In General
Section 39 Liability of Transferees Acquiring Assets for Stock or Other Property
Section 40 Liability of New Corporation on Reincorporation
Section 41 Fraudulent Conveyances
Section 42 Dissenters Rights
Section 43 Right to Enjoin
Section 44 Right to Damages
Section 45 Right to Participate in Dissolution
Section 46 Right to Accrued Dividends
Section 47 Statutory Power to Amend Articles of Incorporation
Section 48 Duty of Full Disclosure on Recapitalization
Section 49 Problems in General
Section 50 Pro Rata Partitioning Versus Pro Rata Transfer of Joint, Undivided Interests
Section 51 Non-Pro Rata Partitioning
Section 52 Liquidation With Purchase by Majority Shareholder
Section 53 Appointment of Trustee to Hold Property Distributed in Kind