| |
| | CFM of Connecticut v. Chowdhury |
 | | It does find, however, that Attorney Timbers, as Secretary, was responsible for maintaining corporate books and records pertaining to the sale of the CFM stock, and that despite being served with a subpoena duces tecum directing him to produce corporate records of the sale, including stock certificates, he failed to produce such documents. |
 | | (b) The board of directors of a dissolved corporation and their successors shall proceed to wind up the affairs of the corporation as expeditiously as practicable and shall act as a board of directors in accordance with the bylaws and the certificate of incorporation until the affairs of the corporation are completely wound up. |
 | | A corporation and its shareholders, directors and officers shall have full power to take all corporate action appropriate to wind up its affairs, including the power to maintain, or to reestablish after failure to maintain, a board of directors and officers. |
| www.brownwelsh.com /HPLowry_archive/CFM.htm (4643 words) |
|