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Utah Code § 63H-8-411

Asset disposition upon dissolution of corporation

Renumbered and Amended by Chapter 226, 2015 General Session

Upon dissolution of the corporation:

(1) all liabilities and obligations of the corporation, including obligations to bondholders, shall be paid, satisfied, discharged, or adequately provided for; and

(2) all remaining money, property, rights, claims, and interests of the corporation shall revert or be conveyed to the state.

Official source: Utah State Legislature. Reproduced from public-domain Utah statutes; confirm against the official source for the current text. Not legal advice.