Procedures During Winding Up. On commencement of dissolution proceedings either by election of all Shareholders or otherwise, the Corporation will cease to carry on business except as necessary to wind up its business and distribute its assets. The Managing Shareholder will perform the following acts, as necessary, to wind up the affairs of the Corporation: Employ agents and attorneys to liquidate and wind up the affairs of the Corporation; Continue the business as necessary for the winding up of the affairs of the Corporation; Carry out contracts and collect, pay, compromise, and settle debts and claims for or against the Corporation; Defend suits brought against the Corporation; Xxx, in the name of the Corporation, for all sums due to the Corporation or recover any of its property; Collect any amounts owing on subscriptions to shares or recover unlawful distributions; Sell at public or private sale, exchange, convey, or otherwise dispose of all or any part of the assets of the Corporation for cash in an amount considered reasonable by the President, or his or her appointee(s); Make contracts and take any steps in the name of the Corporation that are necessary or convenient in order to wind up the affairs of the Corporation.
Procedures During Winding Up. On commencement of dissolution proceedings either by election of all Shareholders or otherwise, the investment company will cease to carry on business except as necessary to wind up its business and distribute its assets. The Managing Shareholder will perform the following acts, as necessary, to wind up the affairs of the investment company: Employ agents and attorneys to liquidate and wind up the affairs of the investment company; Continue the business as necessary for the winding up of the affairs of the investment company; Carry out contracts and collect, pay, compromise, and settle debts and claims for or against the investment company; Defend suits brought against the investment company; Xxx, in the name of the investment company, for all sums due to the investment company or recover any of its property; Collect any amounts owing on subscriptions to shares or recover unlawful distributions: Sell at public or private sale, exchange, convey, or otherwise dispose of all or any part of the assets of the investment company for cash in an amount considered reasonable by the President, or his or her appointee(s); Make contracts and take any steps in the name of the investment company that are necessary or convenient in order to wind up the affairs of the investment company.
Procedures During Winding Up. On commencement of dissolution proceedings either by election of all Shareholders or otherwise, the will cease to carry on business except as necessary to wind up its business and distribute its assets.
Procedures During Winding Up. On commencement of dissolution proceedings either by election of all Shareholders or otherwise, the will cease to carry on business except as necessary to wind up its business and distribute its assets. The Managing Shareholder Any Shareholder Shareholders appointed by the Managing Shareholder will perform the following acts, as necessary, according to the discretion of the Managing Shareholder, to wind up the affairs of the : Employ agents and attorneys to liquidate and wind up the affairs of the ; Continue the business as necessary for the winding up of the affairs of the ; Carry out contracts and collect, pay, compromise, and settle debts and claims for or against the ; Defend suits brought against the ; Xxx, in the name of the , for all sums due to the or recover any of its property; Collect any amounts owing on subscriptions to shares or recover unlawful distributions; Sell at public or private sale, exchange, convey, or otherwise dispose of all or any part of the assets of the for cash in an amount considered reasonable by the President, or his or her appointee(s); Make contracts and take any steps in the name of the that are necessary or convenient in order to wind up the affairs of the .
Procedures During Winding Up. On commencement of dissolution proceedings either by election of all Shareholders or otherwise, the will cease to carry on business except as necessary to wind up its business and distribute its assets. The Managing Shareholder will perform the following acts, as necessary, to wind up the affairs of the : Employ agents and attorneys to liquidate and wind up the affairs of the ; Continue the business as necessary for the winding up of the affairs of the ; Carry out contracts and collect, pay, compromise, and settle debts and claims for or against the ; Defend suits brought against the ; Xxx, in the name of the , for all sums due to the or recover any of its property; Collect any amounts owing on subscriptions to shares or recover unlawful distributions; Sell at public or private sale, exchange, convey, or otherwise dispose of all or any part of the assets of the for cash in an amount considered reasonable by the President, or his or her appointee(s); Make contracts and take any steps in the name of the that are necessary or convenient in order to wind up the affairs of the .
Procedures During Winding Up. On commencement of dissolution proceedings either by election of all Stakeholders or otherwise, the LLC will cease to carry on business except as necessary to wind up its business and distribute its assets. Stakeholders appointed by the Managing Stakeholder will perform the following acts, as necessary, according to the discretion of the Managing Stakeholder, to wind up the affairs of the LLC:
