(a) Directors of a dissolved corporation shall cause the dissolved corporation to discharge or make reasonable provision for the payment of claims and make distributions of assets to members after payment of or provision for claims.
(b) Directors of a dissolved corporation which has disposed of claims under section 33-1177, 33-1178 or 33-1178a shall not be liable for breach of subsection (a) of this section with respect to claims against the dissolved corporation that are barred or satisfied under sections 33-1177, 33-1178 or 33-1178a.
(P.A. 03-18, S. 53; 03-278, S. 127.)
History: P.A. 03-18 effective July 1, 2003; P.A. 03-278 made a technical change in Subsec. (b), effective July 1, 2003.
Section: Previous 33-1173 33-1174 33-1175 33-1176 33-1177 33-1178 33-1178a 33-1178b 33-1181 33-1182 33-1183 33-1184 33-1187 33-1188 33-1189 NextLast modified: November 16, 2016