On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be divided equally among the then active officers and members.
Title 36
Ask me to translate this law into plain English
This is not an official government website.
Copyright © 2026 PLEJ LC. All rights reserved.
Title 36
Distribution of assets on dissolution or final liquidation
Need the full chapter outline? Open Chapter 1901 to browse every section without loading the entire chapter explorer on this page.
On dissolution or final liquidation of the corporation, any assets remaining after the discharge of all liabilities shall be divided equally among the then active officers and members.
Release: pl-119-73not60 (2026-01-23)