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HomeCorporations CodeCh. 17§ 6710 Corporate Dissolution Director Powers

§ 6710 Corporate Dissolution Director Powers

Corporations Code·California
AI Summary·Official Text·Key Terms·Related Statutes·References
AI SummaryVerified

§ 6710 Corporate Dissolution Director Powers

Key Takeaways

  • •Directors can still make decisions to close down the company properly.
  • •They can sell things the company owns to pay off debts.
  • •They can sue people who owe the company money or defend the company in court.
  • •They can finish up any contracts or deals the company was part of.

Example

A small toy store is closing down because it’s not making enough money.

The store’s directors can sell the remaining toys and shelves to pay off what the store owes to its suppliers. They can also go to court if someone hasn’t paid for a big order of toys. Their job is to wrap up everything neatly so the store can close without leaving messes.

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

Official Source
View on CA.gov

§ 6710 Corporate Dissolution Director Powers

The powers and duties of the directors (or other persons appointed by the court pursuant to Section 6515) and officers after commencement of a dissolution proceeding include, but are not limited to, the following acts in the name and on behalf of the corporation: (a) To elect officers and to employ agents and attorneys to liquidate or wind up its affairs. (b) To continue the conduct of the affairs of the corporation insofar as necessary for the disposal or winding up thereof. (c) To carry out contracts and collect, pay, compromise and settle debts and claims for or against the corporation. (d) To defend suits brought against the corporation. (e) To sue, in the name of the corporation, for all sums due or owing to the corporation or to recover any of its property. (f) To collect any amounts remaining unpaid on memberships or to recover unlawful distributions. (g) Subject to the provisions of Section 5142, to sell at public or private sale, exchange, convey or otherwise dispose of all or any part of the assets of the corporation for an amount deemed reasonable by the board without compliance with the provisions of Section 5911, and to execute bills of sale and deeds of conveyance in the name of the corporation. (h) In general, to make contracts and to do any and all things in the name of the corporation which may be proper or convenient for the purposes of winding up, settling and liquidating the affairs of the corporation. (Amended by Stats. 1979, Ch. 724.)

Last verified: January 23, 2026

Key Terms

dissolution proceedingdirectorscourt-appointed personspowers and dutiesliquidate or wind upcorporation

Related Statutes

  • § 8710 Corporate Dissolution Director Powers
  • § 12650 Corporate Dissolution Powers
  • § 12652 Corporate Director Disputes Resolution
  • § 1701 Corporate Process Service Rules
  • § 6712 Director Identity Or Appointment

References

  • Official text at leginfo.legislature.ca.gov
  • California Legislature. Corporations Code. Section 6710.
View Official Source