Dissolution of Corporation. In the event of the dissolution or total or partial liquidation of the Corporation, whether voluntary or involuntary, the Voting Trustee shall receive the moneys, securities, rights or property to which the Holder of Shares are entitled, and shall distribute the same to the Holder.
Dissolution of Corporation. In the event of the dissolution or total or partial liquidation of the Corporation, whether voluntary or involuntary, the Voting Trustees shall receive the moneys, securities, rights or property to which the Holders of Shares are entitled, and shall distribute the same among the Holders in proportion to their interests. Alternatively, the Voting Trustees may in their discretion deposit such moneys, securities, rights or property with any bank or trust company doing business in [LOCATION], with authority and instructions to distribute the same as above provided, and upon such deposit all further obligations or liabilities of the Voting Trustees in respect of such moneys, securities, rights or property so deposited shall cease.
Dissolution of Corporation. 7.1. Majority consent required. Majority of shareholders must consent to voluntary dissolution.
Dissolution of Corporation i PandaTip: Things happen in business and whether voluntarily or because of failure of the business, dissolution procedures should be agreed upon in advance to avoid costly disputes later on.
Dissolution of Corporation. The Corporation shall continue in existence for an initial term of five (5) years, and after that until either terminated by joint action of the Michigan Land Bank Fast Track Authority, the Treasurer of Genesee County, and the Board of Commissioners of Genesee County or by the withdrawal of a party to the Intergovernmental Agreement. Upon the dissolution of the Corporation, the Board of Directors shall, after paying or making provisions for the payment of all liabilities of the Corporation, distribute all of the assets of the Corporation exclusively to Genesee County, Michigan and to such other local units of government as may be required pursuant to interlocal agreements entered into by the Corporation and such other local units of government.
Dissolution of Corporation. In the event of the dissolution of Edgewood Bible Church, the Church's property shall not be conveyed to any organization created or operated for profit or to any individual, but all assets remaining after payment of the corporation's debts shall be conveyed or distributed to another Corporation(s) with purposes similar to Edgewood Bible Church as determined by the Board of Elders, under applicable provisions of Internal Revenue Law and Regulations as a non-profit corporation.
Dissolution of Corporation. In the event of the dissolution EFI, the dissolved entity’s assets, after all its legal liabilities and obligations have been paid or adequate provisions have been made, shall revert to the State of Florida.
Dissolution of Corporation. In the case of a General Partner that is a corporation, the filing of a Certificate of Dissolution, or its equivalent, for the corporation or the revocation of its charter or its Certificate of Incorporation; or
Dissolution of Corporation. If it is determined by Buyer that it is to its advantage to liquidate and dissolve Rx Solutions, Inc., Sellers specifically consent in advance to the dissolution of the Corporation by Buyer. It is agreed by the parties that tax considerations and their consequences materially affect Buyer, Sellers, and Corporation. It is further agreed that in the even Buyer liquidates and dissolves the Corporation, any income tax or State corporate tax incurred by the Corporation caused by the dissolution shall be the obligation of Buyer.
Dissolution of Corporation. In the event of the dissolution or total or partial liquidation of the Corporation, whether voluntary or involuntary, the Trustees shall receive the moneys, securities, rights, or property to which each registered holder of Voting Trust Certificates is entitled, and shall distribute the same among the registered holders of Voting Trust Certificates in proportion to their respective interests in the Voting Trust as shown on the books of the Trustees, and upon such distribution all further obligations or liability of the Trustees in respect of such moneys, securities, rights, or property shall cease.
