Corporations Code section 18420

Promptly after commencement of dissolution of an unincorporated association, the board or, if none, the members shall promptly wind up the affairs of the association, pay or provide for its known debts or liabilities, collect any amounts due to it, take any other action as is necessary or appropriate for winding up, settling, and liquidating its affairs, and dispose of its assets as provided in Section 18130.

Source: Section 18420, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=18420. (updated Jan. 1, 2006; accessed Dec. 1, 2025).

18410
18420

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Dec. 1, 2025

§ 18420's source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_18420

Original Source: Section 18420, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=18420. (last accessed May 12, 2025).