Penasquitos, Inc. v. Superior Court

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• holding that a corporation cannot distribute its assets until it has paid or made provisions for all known debts and obligations
• an entity’s dissolution should not be seen “as its death, but merely as its retirement from active business”

Source: CourtListener parenthetical corpus (CC0).