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Session Laws, 1951
Volume 603, Page 329   View pdf image (33K)
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THEODORE R. MCKELDIN, GOVERNOR 329

mission articles of dissolution, and pay the fees provided by
law.

(b) The dissolution of the corporation shall be effective
when the articles of dissolution have been accepted for record
by the Commission, provided, however, that the corporation
shall continue in existence for the purpose of paying, satis-
fying and discharging any existing debts and obligations,
collecting and distributing its assets, and doing all other acts
required to liquidate and wind up its business and affairs.

(c) Upon acceptance for record of articles of dissolution,
the Commission shall publish, once a week for four successive
weeks in a newspaper of general circulation in the county in
which is located the principal office of the corporation in this
State, notice setting forth the name of the corporation and that
articles of dissolution, have been accepted for record by the
Commission in accordance with this Article. Failure of the
Commission to publish such notice shall not invalidate the
dissolution.

(d) At any time prior to the filing of the articles of dissolu-
tion, the corporation may authorize the abandonment or revo-
cation of the dissolution proceedings by taking the same cor-
porate action with respect to such abandonment or revocation
as is required by this section for the authorization of dissolu-
tion. Within thirty days of the date of such abandonment or
revocation, notice thereof shall be mailed by the corporation
to all creditors at their respective post office addresses accord-
ing to the records of the corporation, to whom notice of author-
ization of dissolution was previously mailed.

73. (Articles of Dissolution. ) (a) In every case of volun-
tary dissolution, the articles of dissolution shall set forth:

(1) The name of the corporation and the post office address
of its principal office in this State.

(2) The name and post office address of a resident agent
of the corporation in this State, service of process upon whom
shall bind the corporation in any action, suit or proceeding
pending or thereafter instituted or filed against the corpora-
tion for one year after dissolution and thereafter until the
affairs of the corporation are wound up.

(3) The name and post office address of each of the direc-
tors of the corporation.

(4) The name, title and post office address of each of the
officers of the corporation.

(5) A statement that dissolution of the corporation was
duly authorized by a majority of the entire board of directors


 

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Session Laws, 1951
Volume 603, Page 329   View pdf image (33K)
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