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2012 Utah Code
Title 35A - Utah Workforce Services Code
Article 8 - Housing and Community Development Division
Section 726 - Asset disposition upon dissolution of corporation.
UT Code § 35A-8-726 (2012) What's This?
35A-8-726. 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 money, property, rights, claims, and interests of the corporation shall revert or be conveyed to the state.
Renumbered and Amended by Chapter 212, 2012 General Session
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