§ 12450 Corporate Dissolution Exemption

• •This chapter's rules don't apply when a company is being closed down.
• •Other chapters (15, 16, and 17) have their own rules for closing a company.
• •If a company is shutting down, look at those other chapters instead.

A small business decides to close permanently and needs to follow specific steps to shut down.

The rules in this chapter won't be used for closing the business because there are other special rules for that.