{"data":{"id":"us-ct/conn.-gen.-stat.-33-884","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 33-884","heading":"Effect of dissolution.","body":"(a) A dissolved corporation continues its corporate existence but may not carry on any business except that appropriate to wind up and liquidate its business and affairs, including: (1) Collecting its assets; (2) disposing of its properties that will not be distributed in kind to its shareholders; (3) discharging or making provision for discharging its liabilities; (4) distributing its remaining property among its shareholders according to their interests; and (5) doing every other act necessary to wind up and liquidate its business and affairs.\n(b) Dissolution of a corporation does not: (1) Transfer title to the corporation's property; (2) prevent transfer of its shares or securities, although the authorization to dissolve may provide for closing the corporation's share transfer records; (3) subject its directors or officers to standards of conduct different from those prescribed in sections 33-735 to 33-784, inclusive; (4) change quorum or voting requirements for its board of directors or shareholders; change provisions for selection, resignation or removal of its directors or officers or both; or change provisions for amending its bylaws; (5) prevent commencement of a proceeding by or against the corporation in its corporate name; (6) abate or suspend a proceeding pending by or against the corporation on the effective date of dissolution; (7) terminate the authority of the registered agent of the corporation; or (8) of itself render the shareholders liable for any liability or other obligations of the corporation nor vest title to the property of the corporation in the shareholders.","path":["TITLE 33. CORPORATIONS","CHAPTER 601*. BUSINESS CORPORATIONS","PART XIV. DISSOLUTION"],"source_url":"https://www.cga.ct.gov/current/pub/chap_601.htm#sec_33-884","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:11Z","sha256":"85da1d719ea4c7c3eb0a73a765dbbd90cbc7394f0dfec166c274bbd5a3c61569","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-33-883","next":"us-ct/conn.-gen.-stat.-33-885"},"notice":"GroundRules: Original legal text. Not legal advice."}