What happens to assets of a corporation that has dissolved?

Question

If a Delaware corporation owns an aircraft which is registered with the FAA, what might be the ramifications if such corportation were to disolve for lack of payment of fees to state of Delaware ($60) and registered agent ($95). Note that FAA related mail comes to the aircraft owner's address rather than the Deleware registered agent address.

Consider that the corporation has no creditors.

Answer 1

Assets should be liquidated and distributed to shareholders.

But, if the disolution is only because of lack of payment of fees, that can be remedied.

Also, the assets could be transferred to another corporation in the state where you live (so you don't have to pay a registered agent) or to an LLC and ownership could be distributed to the shareholders of the Delaware corporation.

Actually there are almost an unlimited number of ways to do this.

Answer 2

i could think of that a minimum of between the officers might desire to have the solid experience to tell the Secretary of State that there are literally no longer any board persons to maintain economic employer employer. If the objective is to fully close the corporate the the board that resigned ought to first disolve the corporate. In Texas if the annual franchise tax isn't paid a employer's employer rights to do employer are suspended. make particular your Secretary of State for the respond on your question.

Answer 3

They are divided among the creditors and lenders.
If anything is left after that, then the partners divide it.
I think . . .

Answer 4

nothing