Chapter 485

2014 -- S 2613 AS AMENDED

Enacted 07/08/14

A N   A C T

RELATING TO CORPORATIONS, ASSOCIATIONS, AND PARTNERSHIPS - RHODE ISLAND BUSINESS CORPORATION ACT

Introduced By: Senators McCaffrey, Lombardi, and Felag

Date Introduced: March 04, 2014

 

It is enacted by the General Assembly as follows:

 

SECTION 1. Section 7-1.2-1308 of the General Laws in Chapter 7-1.2 entitled "Rhode Island Business Corporation Act" is hereby amended to read as follows:

7-1.2-1308. Articles of dissolution. -- The corporation shall execute articles of dissolution by its authorized officer. The statement proclaims:

 (a) The name of the corporation.

 (b) That all debts, obligations, and liabilities of the corporation have been paid and discharged or that adequate provision has been made for the payment., discharged or have been subject to a completed bankruptcy proceeding under Title 11 of the U.S. Code.

 (c) That all the remaining property and assets of the corporation have been distributed among its shareholders in accordance with their respective rights and interests.

 (d) That there are not suits pending against the corporation in any court, or that adequate provision has been made for the satisfaction of any judgment, order, or decree which may be entered against it in any pending suit.

SECTION 2. This act shall take effect upon passage.

========
LC003692
========