One Click Case Law for § 14-2-1405
O.C.G.A. § 14-2-1404 <-- --> O.C.G.A. §14-2-1406

2010 Georgia Code

TITLE 14 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS

CHAPTER 2 - BUSINESS CORPORATIONS
ARTICLE 14 - DISSOLUTION
PART 1 - VOLUNTARY DISSOLUTION
§ 14-2-1405 - Effect of notice of intent to dissolve

O.C.G.A. 14-2-1405 (2010)
14-2-1405. 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 to its shareholders;

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

(4) Distributing its remaining property among its shareholders according to their interests; and

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