Liquidation and winding up should follow Yes, because in a close corporation, mere dishonesty is a ground for the dissolution Can even be dissolved by petition of only one stockholder on the grounds stated in the code < sec. 105> Financing Corporation of the Philippines vs. The result is that taxable capital gains on the death of the first shareholder are calculated as at the date of the freeze and are not calculated on any increase in the value of the corporation between the date of the freeze and the death of the shareholder.

This means that the corporation itself, not the shareholders that own it, is held legally liable for the actions and debts the business incurs , source: click online. DEATH BENEFIT PAYMENTS BY FRATERNAL SOCIETIES .... 21400-21401 PART 3. JOINT STOCK ASSOCIATIONS ............................. 22000-22003 PART 4. REAL ESTATE INVESTMENT TRUSTS ........................ 23000-23006 PART 5 , cited: home-investments.com. Resignation of registered agent of foreign corporation. The registered agent of a foreign corporation may resign the agency appointment by signing and filing with the Commission a statement of resignation accompanied by a certification that the registered agent shall mail a copy thereof to the principal office of the corporation by certified mail on or before the business day following the day on which the statement is filed , cited: http://home-investments.com/library/smith-and-keenans-company-law-for-students. S. at 352-53 (private utility with franchise not public function). S. 557, 587 (1980) (Rehnquist, J., dissenting) ("for purposes of First Amendment analysis, a utility is far closer to a state-controlled enterprise than is an ordinary corporation"). Strickland, The State Action Doctrine and the Rehnquist Court, 18 HASTINGS CONST. Q. 587 (1991) (arguing that the Rehnquist court has, in practice, adopted a "restrictive" view of state action, characterizing much arguably state conduct as private conduct) online. In addition to certain guarantees provided by law, LegalZoom guarantees your satisfaction with our services and support. Because our company was created by experienced attorneys, we strive to be the best legal document service on the web , cited: http://home-investments.com/library/tolleys-tax-planning-for-owner-managed-businesses-2010-11.

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