Firm Memoranda

Delaware Supreme Court Holds that Dissolution Statutes Do Not Extinguish a Dissolved Corporation’s Potential Liability to Third Parties

Date: 12/13/13

The Delaware Supreme Court recently offered new insight into a dissolved corporation’s exposure to liability for third party claims. In Anderson v. Krafft-Murphy Company, Inc., the Court held as a matter of first impression in Delaware that the statutory scheme governing the dissolution and winding up of a Delaware corporation does not contain a general statute of limitations that would shield a dissolved corporation from liability.

CGR Memo - Delaware Supreme Court Holds that Dissolution Statutes Do Not Extinguish a Dissolved.pdf (pdf | 106.75 KB )