490.1409 - DIRECTOR DUTIES.

        490.1409  DIRECTOR DUTIES.         1.  Directors shall cause the dissolved corporation to discharge      or make reasonable provision for the payment of claims and make      distributions of assets to shareholders after payment or provision      for claims.         2.  Directors of a dissolved corporation which has disposed of      claims under section 490.1406, 490.1407, or 490.1408 shall not be      liable for breach of subsection 1, with respect to claims against the      dissolved corporation that are barred or satisfied under section      490.1406, 490.1407, or 490.1408.  
         Section History: Recent Form
         2002 Acts, ch 1154, §96, 125         Referred to in § 490.833