Section 10.06.670. Distribution in money, property, or securities; installments.

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Distribution of assets may be made in money, in property, or in securities and either in installments or as a whole, if the distribution is done fairly and ratably and in conformity with the articles of incorporation and the rights of the shareholders, and shall be made as soon as reasonably consistent with the beneficial liquidation of the corporate assets.

Notes

History

(Sec. 1 ch 166 SLA 1988)

                    
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