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Current as of January 01, 2022 | Updated by FindLaw Staff
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, 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 that may be entered against it in any pending suit.
Cite this article: FindLaw.com - Rhode Island General Laws Title 7. Corporations, Associations, and Partnerships § 7-1.2-1308. Articles of dissolution - last updated January 01, 2022 | https://codes.findlaw.com/ri/title-7-corporations-associations-and-partnerships/ri-gen-laws-sect-7-1-2-1308/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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