Corp. Code, § 1401.5 · Chapter 14. Bankruptcy Reorganizations and Arrangements
Corp. Code, § 1401.5
Text — As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
(a) A trustee, liquidating agent, responsible officer, or other representative appointed by the court for a corporation subject to an order for relief entered in a case under Chapter 11 (commencing with Section 1101) of Title 11 of the United States Code may sign and verify a certificate of dissolution when the corporation has been completely wound up.
(b) The certificate of dissolution shall state the following:
(1) The name of the corporation.
(2) That an order for relief was entered in a case under Chapter 11 (commencing with Section 1101) of Title 11 of the United States Code with respect to the corporation.
(3) The identification of the court in which the order for relief was entered and the court’s file number for the matter.
(4) That an order confirming a reorganization plan has been entered in that case.
(5) That the undersigned has been appointed by the court as a trustee, liquidating agent, responsible officer, or other representative of the corporation.
(6) That the shares of the corporation have been canceled pursuant to the terms of that plan.
(7) That the assets of the corporation have been distributed pursuant to the terms of that plan.
(8) That the corporation is dissolved.
Notes and commentary — not statutory text
History
Amended by Stats. 2018, Ch. 92, Sec. 47. (SB 1289) Effective January 1, 2019.
Source of truth
- Edition
- As published in the Legislative Counsel's database, tables dated October 18, 2026 (pubinfo_2025.zip)
- Official file
- https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=1401.5.
- Text hash
- sha256 419de5317e1631014b991de051af4a4e29a0235946a183c07d8c11d9f18049c8
- Composed by
- compose_ca.py 2026-10-22: the Legislative Counsel's CAML content files read by a tokenizer (caml_readers.reader_a); an independent xml.etree reading (caml_readers.reader_b) agrees on every section
Cited by 1 provision
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Corporations Code
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