Atlanta Business Attorney Discusses Dissolved Companies Ability To Pursue Legal Action
As Atlanta business litigation lawyers, an interesting question I often get from clients looking to sue on behalf of his or her company is whether a dissolved company can still maintain a lawsuit in Georgia. The answer is yes but only if the lawsuit is in furtherance of the winding up of the company’s affairs and liquidate the company. This is because the Corporate Code states that a dissolved company can only do acts aimed at winding up and liquidated the business. Whether or not the specific lawsuit contemplated fits within the definition of an action necessary to wind up and liquidate the company is a question that is handled by Courts on a case by case basis.
If you or your business have been sued by a dissolved corporation, visit our main website to learn more about how our commercial litigation lawyers can help you.