Nebraska Statutes 25-21,139. Dissolved corporation; trustees; duties
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The trustees shall proceed immediately to collect the debts and pay the liabilities of the corporation, and to divide the surplus among those thereto entitled.
Source
- R.S.1867, Code § 722, p. 519;
- R.S.1913, § 8346;
- C.S.1922, § 9298;
- C.S.1929, § 20-21,130;
- R.S.1943, § 25-21,139.
Terms Used In Nebraska Statutes 25-21,139
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.