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| As of 09/28/2016 02:02PM , the Laws database is current through 2016 Chapters 1-332 |
§ 624. Termination of the corporation. The corporation and its
corporate existence shall continue until terminated by law; provided,
however, that no such law shall take effect so long as the corporation
shall have bonds, notes or other obligations outstanding. Upon
termination of the existence of the corporation all of its rights,
property, assets and funds shall thereupon vest in and be possessed by
the state.
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