§ 7-1.2-1308 - Articles of dissolution. - Rhode Island Statutes

SECTION 7-1.2-1308

   § 7-1.2-1308  Articles of dissolution.– The corporation shall execute articles of dissolution by its authorizedofficer. The statement proclaims:

   (a) The name of the corporation.

   (b) That all debts, obligations, and liabilities of thecorporation have been paid and discharged or that adequate provision has beenmade for the payment.

   (c) That all the remaining property and assets of thecorporation have been distributed among its shareholders in accordance withtheir respective rights and interests.

   (d) That there are not suits pending against the corporationin any court, or that adequate provision has been made for the satisfaction ofany judgment, order, or decree which may be entered against it in any pendingsuit.