Could someone explain to me what happens to a corporation when it goes through "involuntary dissolution"?

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Could someone explain to me what happens to a corporation when it goes through "involuntary dissolution"?

I am also interested to know what happens to the assets of a corporation when the status becomes "Dissolved". What does this all mean in laymans terms?

2007-07-27 14:09:52 · 1 answers · asked by bucksfan_1979 2 in Business & Finance ➔ Corporations

1 answers

http://www.lrc.ky.gov/krs/273-00/320.PDF
http://www.illinoisprobono.org/index.cfm?fuseaction=home.dsp_content&contentID=1538

2007-07-29 14:31:46 · answer #1 · answered by jdkilp 7 · 1⤊ 0⤋