Section: Effect of Revised Statutes on ordinances and resolutions adopted or enacted under authority of pre-existing laws
Any assets remaining after payment of or provision for claims against the corporation shall be distributed among the shareholders according to their respective rights and interests. Distribution may be made in either or both cash and kind.
L.1968, c.350; amended by L.1969, c. 102, s. 15.
We hope you find our tools helpful, please visit www.thelegalassistant.com for further information on our other free legal tools and products including LPO compliant legal case management software.