Section 805 Sample Clauses
Section 805 typically outlines the procedures and requirements for the dissolution or winding up of a corporation. It may specify the steps a corporation must take to formally cease operations, such as notifying creditors, settling outstanding debts, and distributing remaining assets to shareholders. This clause ensures that the process of closing a corporation is orderly and legally compliant, thereby protecting the interests of creditors, shareholders, and other stakeholders.
Section 805. May Hold Securities...................................................................38
Section 805. Trustee May Enforce Claims Without Possession of Securities ...........................................41
Section 805. COMPLIANCE
Section 805. May Hold Notes...............................................................................50
Section 805. Interpretation............................................16
Section 805. Trustee May Enforce Claims Without Possession of Securities. . . . . . . . . . . . . . 45
Section 805. May Hold Securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37
Section 805. Rights and Duties of Successor Corporation............... 60
Section 805. No Lien Created, etc............................................56
Section 805. Release of Subsidiary Guarantors...............................44 ARTICLE NINE