Sec. 2939. Dissolution Of Corporation As Breach
Description
This section is from the book "The Law Of Contracts", by William Herbert Page. Also available from Amazon: Commercial Contracts: A Practical Guide to Deals, Contracts, Agreements and Promises.
Sec. 2939. Dissolution Of Corporation As Breach
In many jurisdictions the dissolution of a corporation is held to operate as a breach of the executory contracts of the corporation,1 except in case of certain special forms of contracts2 or under special circumstances.3 The voluntary liquidation of a corporation is said to operate as a breach of its executory contracts.4
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