Section 63H-8-411 - Asset disposition upon dissolution of corporationUpon 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.Renumbered from 35A-8-726 by Chapter 226, 2015 General Session ,§ 28, eff. 5/12/2015.Renumbered from 9-4-926 and amended by Chapter 212, 2012 General Session ,§ 107, eff. 7/1/2012.Enacted by Chapter 319, 2001 General Session Affected by 63I-1-263 on 7/1/2026