California Corporations Code CHAPTER 20 - General Provisions Relating to Dissolution

  • Section 2000.
    (a) Subject to any contrary provision in the articles, which may include a reference to a separate written agreement between two or more shareholders pertaining to...
  • Section 2001.
    The powers and duties of the directors (or other persons appointed by the court pursuant to Section 1805) and officers after commencement of a dissolution...
  • Section 2002.
    A vacancy on the board may be filled during a winding up proceeding in the manner provided in Section 305.(Added by Stats. 1975, Ch. 682.)
  • Section 2003.
    When the identity of the directors or their right to hold office is in doubt, or if they are dead or unable to act, or...
  • Section 2004.
    After determining that all the known debts and liabilities of a corporation in the process of winding up have been paid or adequately provided for,...
  • Section 2005.
    The payment of a debt or liability, whether the whereabouts of the creditor is known or unknown, has been adequately provided for if the payment...
  • Section 2006.
    Distribution may be made either in money or in property or securities and either in installments from time to time or as a whole, if...
  • Section 2007.
    (a) If the corporation in process of winding up has both preferred and common shares outstanding, a plan of distribution of the shares, obligations or securities...
  • Section 2008.
    (a) If any shareholders or creditors are unknown or fail or refuse to accept their payment, dividend, or distribution in cash or property or their whereabouts...
  • Section 2009.
    (a) Whenever in the process of winding up a corporation any distribution of assets has been made, otherwise than under an order of court, without prior...
  • Section 2010.
    (a) A corporation which is dissolved nevertheless continues to exist for the purpose of winding up its affairs, prosecuting and defending actions by or against it...
  • Section 2011.
    (a) (1) Causes of action against a dissolved corporation, whether arising before or after the dissolution of the corporation, may be enforced against any of the following:(A) Against...

Last modified: October 22, 2018