Page:United States Statutes at Large Volume 68 Part 1.djvu/251

 68 S T A T. ]

PUBLIC LAW 389-JUNE 8, 1954 FILING o r DECREE OF DISSOLUTION

SEC. 96. I n case the court shall enter a decree dissolving a corporation it shall be the duty of the clerk of such court to cause a certified copy of the decree to be filed with the Commissioners. No fee shall be charged by the Commissioners for the filing thereof. SURVIVAL OF REMEDY AFTER DISSOLUTION

SEC. 97. The dissolution of a corporation either (1) by the issuance of a certificate of dissolution by the Commissioners, or (2) by proclamation of the Commissioners for failure to pay annual report fees or file annual reports as provided in the Act, or (3) by expiration of its period of duration, shall not take away or impair any remedy available to or against such corporation, its directors, or shareholders, or any right or claim existing, or any liability incurred, prior to such dissolution if suit or other proceeding thereon is commenced within two years after the date of such dissolution. Any suit or proceeding by or against the corporation may be prosecuted or defended by the corporation in its corporate name. The shareholders, directors, and officers shall have power to take such corporate or other action as shall be appropriate to protect such remedy, right, or claim. If such corporation was dissolved by the expiration of its period of duration, such corporation may amend its articles of incorporation at any time during such period of two years so as to extend its period of duration. A N N U A L REPORT OF DOMESTICORPORATION

SEC. 98. (a) Each corporation shall file with the Commissioners, on or before April 15 of each year, an annual report setting forth— (1) the name of the corporation, the address, including street and number, if any, of its registered office in the District of Columbia, and the name of its registered agent at such address; (2) the names and respective addresses, including street and number, if any, of its directors and officers; (3) a brief statement of the character of the business in which the corporation is actually engaged; (4) a statement of the aggregate number of shares which the corporation has authority to issue, itemized by classes, par value of shares, shares without par value, and series, if any, within a class; (5) a statement of the aggregate number of issued shares, itemized by classes, par value of shares, shares without par value and series, if any, within a class. (b) Such annual report shall be made on forms prescribed and furnished by the Commissioners, and the information therein contained shall be given as of the date of the execution of the report. (c) I t shall be executed by the corporation by its president, vice president, secretary, assistant secretary, or treasurer, and verified by the officer executing the report, and the corporate seal shall be thereto affixed. ADMISSION OF FOREIGN CORPORATION

SEC. 99. A foreign corporation shall procure a certificate of authority from the Commissioners before it transacts business in the District, but no foreign corporation shall be entitled to procure a certificate of authority under this Act to transact in the District the business of banking, insurance, assurance, benefit, indemnity, building and loan association, or the acceptance of savings deposits, such corporations being admitted to and shall do business in the District of Columbia

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