Section 47-26-11 - Cessation of corporate existence--Exceptions

47-26-11. Cessation of corporate existence--Exceptions.Upon the issuance of a certificate of dissolution pursuant to §47-26-10 the existence of the corporation shall cease, except for the purpose of suits, other proceedings and appropriate corporate action by members, directors, and officers as provided in this chapter. Source: SL 1965, ch 24, §52.