Suppose a publishing company places an article in one of its magazines, and had the article copyrighted under the name of the corporation, rather than any individual author (article was copyrighted in 1992 in the US).
If this company became dissolved a few years later as the result of a bankrupty, are all active copyrights also dissolved? Or would the entitlement be transferred to one of the creditors as part of the liquidation process?
I want to use their article, but I can't exactly request written permission from a company that does not exist.
(And excuse my usage of business terms; they're probably incorrect ... I'm a physics student who's useless at anything related to money, the arts, pretty much anything involving creativity...)
2007-11-26 19:38:52 · 4 answers · asked by jsprplc2006 4 in Business & Finance ➔ Corporations
It depends on the articles of incorporation and state laws.
My corporation's articles of incorporation specifically state that all assets of the corporation become the property of the shareholders upon dissolution.
Bankruptcy is a seperate case, and it depends on the bankruptcy laws and local rules of Bankruptcy in your state and local, and state constitution, and many other factors.
2007-11-26 22:51:39 · answer #1 · answered by Feeling Mutual 7 · 0⤊ 0⤋
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2016-12-10 06:56:06 · answer #2 · answered by quartermon 4 · 0⤊ 0⤋
The copyright would probably be sold as an asset to help satisfy the creditors.
2007-11-26 19:44:58 · answer #3 · answered by mollyflan 6 · 1⤊ 0⤋
Copyright is an asset and it would have been sold by the Official Receiver .. look up who that was and write to them in the first instance ..
2007-11-26 20:16:43 · answer #4 · answered by Steve B 7 · 0⤊ 0⤋