Document ID: General_Provisions_Article_14._§_55A-14-06._ Effect_of_dissolution.

Title: {"article_title": "Article 14.", "section_title": "§ 55A-14-06.  Effect of dissolution.", "subchapter_title": "General Provisions", "type": "section"}

§ 55A-14-06.  Effect of dissolution. (a)	A dissolved corporation continues its corporate existence but shall not carry on any activities except those appropriate to wind up and liquidate its affairs, including: (1)	Preserving and protecting its assets; (2)	Discharging or making provision for discharging its liabilities and obligations; (3)	Disposing of its remaining assets in accordance with its plan of dissolution; and (4)	Doing every other act necessary to wind up and liquidate its assets and affairs. (b)	Dissolution of a corporation does not: (1)	Transfer title to the corporation's property; (2)	Subject its directors or officers to standards of conduct different from those prescribed in Article 8 of this Chapter; (3)	Change quorum or voting requirements for its board of directors or members; change provisions for selection, resignation, or removal of its directors or officers or both; or change provisions for amending its bylaws; (4)	Prevent commencement of a proceeding by or against the corporation in its corporate name; (5)	Abate or suspend a proceeding pending by or against the corporation on the effective date of dissolution; or (6)	Terminate the authority of the registered agent of the corporation. (1955, c. 1230; 1993, c. 398, s. 1.)