Plan of Complete Liquidation and Dissolution (DE Corporation; Safe-Harbor Procedure) | Practical Law

Plan of Complete Liquidation and Dissolution (DE Corporation; Safe-Harbor Procedure) | Practical Law

A plan of complete liquidation and dissolution for a Delaware corporation voluntarily dissolving and winding up under the safe-harbor procedure under DGCL §§ 280 and 281(a) (also known as long-form or court-supervised dissolution). This Standard Document can be used as a stand-alone plan or incorporated into board resolutions approving the dissolution. This Standard Document has integrated notes with important explanations and drafting tips.

Plan of Complete Liquidation and Dissolution (DE Corporation; Safe-Harbor Procedure)

Practical Law Standard Document w-037-9567 (Approx. 30 pages)

Plan of Complete Liquidation and Dissolution (DE Corporation; Safe-Harbor Procedure)

by Practical Law Corporate & Securities
MaintainedDelaware, USA (National/Federal)
A plan of complete liquidation and dissolution for a Delaware corporation voluntarily dissolving and winding up under the safe-harbor procedure under DGCL §§ 280 and 281(a) (also known as long-form or court-supervised dissolution). This Standard Document can be used as a stand-alone plan or incorporated into board resolutions approving the dissolution. This Standard Document has integrated notes with important explanations and drafting tips.