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2019 Mississippi Code
Title 77 - Public Utilities and Carriers
Chapter 5 - Electric Power
Article 5 - Electric Power Associations.
§ 77-5-219. Dissolution of corporation
Universal Citation: MS Code § 77-5-219 (2019)
- Upon complying with the requirements of Section 77-5-217 or 77-5-237, a corporation may be dissolved by filing, as hereinafter provided, a certificate which shall be entitled and indorsed “certificate of dissolution of ____ ” (the blank space being filled in with the name of the corporation) and shall state:
(a) Name of the corporation.
(b) The date of filing of the corporation’s most recent certificate of incorporation.
(c) That the corporation elects to dissolve.
(d) The name and post-office address of each of its directors, and the name, title and post-office address of each of its officers.
- Such certificate shall be subscribed and acknowledged in the same manner as an original certificate of incorporation by the officers of the corporation, who shall make and annex an affidavit stating that the corporation has complied with the requirements of Section 77-5-217 or Section 77-5-237 and that they have been authorized to execute and file such certificate.
- A certificate of dissolution and a certified copy or copies thereof shall be filed in the same place as an original certificate of incorporation and thereupon the corporation shall be deemed to be dissolved.
- Such corporation shall continue for the purpose of paying, satisfying and discharging any existing liabilities or obligations and collecting or liquidating its assets, and doing all other acts required to adjust and wind up its business and affairs, and may sue and be sued in its corporate name. Any assets remaining after all liabilities or obligations of the corporation have been satisfied or discharged shall be ratably distributed to the members thereof.
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