S-31.1 - Business Corporations Act

Section 323 Disposition versions

2011-02-14

323. Liquidation consists in determining the assets of a corporation, recovering its claims, performing or obtaining forgiveness of its obligations or otherwise making provision for them, paying the liquidation expenses, and subsequently giving a final account to the shareholders and distributing the remaining property of the corporation among them.

2009, c. 52, s. 323.