GroundRules
18 GCA § 4402: Purchaser's Right.
Where this section sits in the code
- Title 18: Business Structure and Function
- Division 1 - Business Structure
- Part 1 - The Corporate Law
- Chapter 4: Corporate Powers
- ARTICLE 4: JUDGMENT AGAINST AND SALE OF CORPORATE PROPERTY
The purchaser at the sale must receive a certificate of purchase of the franchise, and be immediately let into possession of all property necessary for the exercise of the powers and the receipt of the proceeds thereof, and must thereafter conduct the business of such corporation, with all its powers and privileges, and subject to all its liabilities, until the redemption of the same as hereinafter provided.
Collected 2026-09-27T03:52:28Z. Source file · JSON