Effect of Filing of Articles of Dissolution. Upon the filing of articles of dissolution with the Illinois Secretary of State, the existence of the Company shall cease, except for the purpose of suits, other proceedings and appropriate action as provided in the Act. The Managers shall have authority to distribute any Company property discovered after dissolution, convey real estate and take such other action as may be necessary on behalf of and in the name of the Company.
Appears in 2 contracts
Samples: Loan Agreement (First Union Real Estate Equity & Mortgage Investments), Operating Agreement (First Union Real Estate Equity & Mortgage Investments)
Effect of Filing of Articles of Dissolution. Upon the filing of articles of dissolution with the Illinois Secretary of State, the existence of the Company shall cease, except for the purpose of suits, other proceedings and appropriate action as provided in the Act. The Managers Managing Members shall have authority to distribute any Company property discovered after dissolution, convey real estate and take such other action as may be necessary on behalf of and in the name of the Company.
Appears in 2 contracts
Samples: Operating Agreement (Rogers International Raw Materials Fund Lp), Rogers International Raw Materials Fund Lp
