Conn. Gen. Stat. § 33-1174
Effect of dissolution
Connecticut · General Statutes of Connecticut Chapter 602 — Nonstock Corporations · Status: effective
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- Citation
- Conn. Gen. Stat. § 33-1174, Effect of dissolution, Connecticut, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2199641
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Full text
(a) A dissolved corporation continues its corporate existence but may not carry on any activities except those appropriate to wind up and liquidate its activities and affairs, including:
(1) Adopting a plan providing for the distribution of assets under section 33-1175;
(2) collecting its assets;
(3) consistent with the requirements of section 33-1176 and any restrictions imposed upon the property by law, disposing of the corporation's properties that will not be distributed in kind pursuant to the plan for distribution of assets;
(4) discharging or making provision for discharging its liabilities;
(5) distributing its assets in accordance with sections 33-1175 and 33-1176;
(6) doing every other act necessary to wind up and liquidate its business and affairs.
(b) Dissolution of a corporation does not:
(1) Transfer title to the corporation's property;
(2) prevent transfer of its transferable membership interests, if any, although the authorization to dissolve may provide for closing the corporation's membership records;
(3) subject its directors or officers to standards of conduct different from those prescribed in sections 33-1080 to 33-1130, inclusive;
(4) change quorum or voting requirements for its board of directors or members; change provisions for selection, resignation or removal of its directors or officers or both; or change provisions for amending its bylaws;
(5) prevent commencement of a proceeding by or against the corporation in its corporate name;
(6) abate or suspend a proceeding pending by or against the corporation on the effective date of dissolution;
(7) terminate the authority of the registered agent of the corporation; or (8) of itself render the members liable for any liability or other obligations of the corporation or vest title to the property of the corporation in the members.