Plan of Complete Liquidation and Dissolution (DE Corporation; Default Procedure) | Practical Law

Plan of Complete Liquidation and Dissolution (DE Corporation; Default Procedure) | Practical Law

A plan of complete liquidation and dissolution for a Delaware corporation voluntarily dissolving and winding up under the default procedure under DGCL § 281(b) (also known as short-form dissolution). This Standard Document can be used as a stand-alone agreement 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; Default Procedure)

Practical Law Standard Document w-036-5504 (Approx. 24 pages)

Plan of Complete Liquidation and Dissolution (DE Corporation; Default 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 default procedure under DGCL § 281(b) (also known as short-form dissolution). This Standard Document can be used as a stand-alone agreement or incorporated into board resolutions approving the dissolution. This Standard Document has integrated notes with important explanations and drafting tips.