§ 7-6-68 - Survival of remedy after dissolution. - Rhode Island Statutes

SECTION 7-6-68

   § 7-6-68  Survival of remedy afterdissolution. – The dissolution of a corporation either: (1) by the issuance of a certificateof dissolution by the secretary of state; or (2) by a decree of court when thecourt has not liquidated the assets and affairs of the corporation as providedin this chapter; or (3) by expiration of its period of duration; shall not takeaway or impair any remedy available to or against the corporation, itsdirectors, officers, or members, for any right or claim existing, or anyliability incurred, prior to the dissolution if action or other proceeding onthe right, claim, or liability is commenced within two (2) years after the dateof the dissolution. Any action or proceeding by or against the corporation maybe prosecuted or defended by the corporation in its corporate name. Themembers, directors, and officers have power to take any corporate or otheraction that is appropriate to protect the remedy, right, or claim. If thecorporation was dissolved by the expiration of its period of duration, thecorporation may amend its articles of incorporation at any time during theperiod of two (2) years so as to extend its period of duration.