Assertion: close corporation's asset | /r/HasProperty | distributed to person
Facets:
value: as compensation for services
type: PURPOSE
value: generally
type: MANNER
value: as payment of dividends to members
type: PURPOSE
Source sentences:
text: a statement that the corporation’s known assets have been distributed to the persons entitled thereto or that it acquired no known assets; and
text: After the assets are distributed and the trustee is paid, a sole proprietor receives a "discharge" at the end of the case.
text: The assets, income or profits may generally be distributed to such people only as compensation for services, as a distribution of assets upon dissolution of the corporation, as payment of dividends to members as provided for in special instances in articles of incorporation, or when profit derived from sales to members is rebated to members in proportion to fees paid by members.
text: the assets have been distributed to the persons entitled thereto or no assets have been acquired.