Page:United States Statutes at Large Volume 68 Part 1.djvu/246

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PUBLIC LAW 389-JUNE 8, 1954

[68 S T A T.

such statement conforms to law, they shall, when all fees and charges have been paid as in this Act prescribed— (a) Endorse on each of such duplicate originals the word "Filed" and the month, day, and year of the filing thereof. (b) File one of such duplicate originals in their office. (c) The other duplicate original shall be recorded in the office of the Recorder of Deeds. EFFECT o r STATEMENT OF INTENT TO DISSOLVE

SEC. 80. Upon the filing by the Commissioners of a statement of intent to dissolve, whether by consent of shareholders or by act of the corporation, the corporation shall cease to carry on its business, except insofar as may be necessary for the proper winding up thereof. P R O C E E D I N G S AFTER FILING o r STATEMENT o r I N T E N T TO DISSOLVE

SEC. 81. After the filing by the Commissioners of a statement of intent to dissolve— (a) The corporation shall proceed to collect its assets, convey and dispose of such of its properties as are not to be distributed in kind to its shareholders, pay, satisfy, and discharge its liabilities and obligations and do all other acts required to liquidate its business and affairs, and, after paying or adequately providing for the payment of all its obligations, distribute the remainder of its assets, either in cash or in kind, among its shareholders according to their respective rights and interests. (b) The corporation, at any time during the liquidation of its business and affairs, may make application to the United States District Court for the District of Columbia to have the liquidation continued under the supervision of the court as provided in this Act. REVOCATION BY CONSENT OF SHAREHOLDERS OF VOLUNTARY DISSOLUTION PROCEEDINGS

SEC. 82. By the written consent of the holders of record of all of its outstanding shares, a corporation may, at any time prior to the issuance of a certificate of dissolution by the Commissioners as hereinafter provided, revoke voluntary dissolution proceedings theretofore taken, in the following manner: Upon the execution of such written consent by all the shareholders of record, a statement of revocation of voluntary dissolution proceedings shall be executed in duplicate by the corporation by its president or a vice president, and verified by him, and the corporate seal shall be thereto affixed, attested by its secretary or an assistant secretary, which shall set forth and contain— (a) The name of the corporation. (b) The names and respective addresses, including street and number, if any, of its officers. (c) The names and respective addresses, including street and number, if any, of its directors. (d) A copy of the agreement signed by all shareholders of record of the corporation revoking such voluntary dissolution proceedings. (e) That such agreement is signed by all shareholders of record of the corporation or signed in their names by their attorneys thereunto duly authorized.

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