§ 10014 Corporate Dissolution Filing

Corporations Code·California

AI SummaryVerified

This law says a corporation must file a paper with the Secretary of State and then stop normal business, only handling tasks to close its affairs.

Key Takeaways

•File a declaration with the Secretary of State to start the closure process.
•After filing, the corporation can no longer conduct regular business.
•Only activities related to settling debts and winding up affairs are allowed.

Example

A local bakery decides to shut down and settle its bills.

The bakery must send a declaration to the Secretary of State, get it filed, and after that it can no longer operate as a bakery—it can only finish winding up its finances and legal matters.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 10014 Corporate Dissolution Filing

The declaration shall be submitted to the Secretary of State for filing in his office. If it conforms to law he shall file it and endorse the date of filing thereon. Thereupon the corporation shall cease to carry on business, except for the purpose of adjusting and winding up its affairs. (Amended by Stats. 1982, Ch. 662, Sec. 28.)

Last verified: January 10, 2026

Key Terms

declaration Secretary of State filing corporation adjusting and winding up its affairs

References

Official text at leginfo.legislature.ca.gov
California Legislature. Corporations Code. Section 10014.

Key Takeaways

Example

Key Terms

Related Statutes

References

Key Takeaways

Example

Key Terms

Related Statutes

References