There is a newer version of the Utah Code
2006 Utah Code - 9-4-926 — Asset disposition upon dissolution of corporation.
9-4-926. Asset disposition upon dissolution of corporation.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 funds, property, rights, claims, and interests of the corporation shall revert or be conveyed to the state.
Enacted by Chapter 319, 2001 General Session
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