78.585 - Continuation of corporation after dissolution for winding up business; limitation on actions by or against dissolved corporation.
78.585 Continuation of corporation after dissolution for winding up business; limitation on actions by or against dissolved corporation. The dissolution of a corporation does not impair any remedy or cause of action available to or against it or its directors, officers or shareholders arising before its dissolution and commenced within 2 years after the date of the dissolution. It continues as a body corporate for the purpose of prosecuting and defending suits, actions, proceedings and claims of any kind or character by or against it and of enabling it gradually to settle and close its business, to collect and discharge its obligations, to dispose of and convey its property, and to distribute its assets, but not for the purpose of continuing the business for which it was established.
[65:177:1925]—(NRS A 1949, 170; 1955, 165; 1985, 1793)