Ga. Code § 14-2-1405 : CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS — BUSINESS CORPORATIONS — DISSOLUTION — VOLUNTARY DISSOLUTION —2-1405 - Effect of notice of intent to dissolve

A corporation that has filed a notice of intent to dissolve continues its corporate existence but may not carry on any business except that appropriate to wind up and liquidate its business and affairs, including:

(1) Collecting its assets;
(2) Disposing of its properties that will not be distributed in kind to its shareholders;
(3) Discharging or making provision for discharging its liabilities;
(4) Distributing its remaining property among its shareholders according to their interests; and
(5) Doing every other act necessary to wind up and liquidate its business and affairs.

OCGA § 14-2-1405

SECTIONS