There is a newer version of the Georgia Code
2010 Georgia Code
TITLE 14 - CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS
CHAPTER 2 - BUSINESS CORPORATIONS
ARTICLE 14 - DISSOLUTION
PART 1 - VOLUNTARY DISSOLUTION
§ 14-2-1405 - Effect of notice of intent to dissolve
O.C.G.A. 14-2-1405 (2010)14-2-1405. Effect of notice of intent to dissolve
A corporation that has filed a notice of intent to dissolve continues its corporate existence but may not carry on any business except that appropriate to wind up and liquidate its business and affairs, including:
(1) Collecting its assets;
(2) Disposing of its properties that will not be distributed in kind to its shareholders;
(3) Discharging or making provision for discharging its liabilities;
(4) Distributing its remaining property among its shareholders according to their interests; and
(5) Doing every other act necessary to wind up and liquidate its business and affairs.
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