Asset disposition upon dissolution of corporation.

Utah Code § 63H-8-411, under Part 63H-8-4: Corporation Assets and Obligations.

Utah Code § 63H-8-411

63H-8-411. Asset disposition upon dissolution of corporation.

Upon dissolution of the corporation:

(1) all liabilities and obligations of the corporation, including obligations to bondholders, shall be paid, satisfied, discharged, or adequately provided for; and

(2) all remaining money, property, rights, claims, and interests of the corporation shall revert or be conveyed to the state.