Filing of Articles of Dissolution. 18.5.1 Duplicate originals of such articles of dissolution shall be delivered to the Colorado Secretary of State. 18.5.2 Upon the filing of the articles of dissolution, 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 thereafter be trustees for the Members and creditors of the Company and as such shall have authority to distribute any Property of the Company 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.
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Samples: Operating Agreement (Wellsford Residential Property Trust), Operating Agreement (Wellsford Real Properties Inc), Operating Agreement (Wellsford Real Properties Inc)
Filing of Articles of Dissolution. 18.5.1 (a) Duplicate originals of such articles of dissolution shall be delivered to the Colorado Secretary of State.
18.5.2 (b) Upon the filing of the articles of dissolution, 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 thereafter be trustees for the Members and creditors of the Company and as such shall have authority to distribute any Company Property of the Company 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.
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Samples: Operating Agreement (Strategic Realty Trust, Inc.), Operating Agreement (Strategic Realty Trust, Inc.)
Filing of Articles of Dissolution. 18.5.1 (a) Duplicate originals of such articles Articles of dissolution Dissolution shall be delivered to the Colorado Secretary of State.
18.5.2 (b) Upon the filing issuance of the articles a Certificate of dissolution, Dissolution the existence of the Company shall cease, except for the purpose of suits, other proceedings and appropriate action as provided in the Colorado Act. The Managers Manager's) shall thereafter be trustees by trustee(s) for the Members and creditors of the Company and as such shall have authority to distribute any Property of the 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.
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