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At this time, the Corporation has or does not have any debts or liabilities. |
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| INDEMNIFY - Include special resolutions and provisions in your Articles of Dissolution of a Corporation authorizing an Indemnification Agreement which would trigger important protection requiring the Corporation to indemnify and hold harmless departing Member, Shareholder, Director or Officer of the Corporation from any actions taken on behalf of the Corporation. |
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| RELEASE - Exchange Mutual Releases of Liability between any departing Member, Shareholder, Director or Officer of a Corporation with the Corporation. Basically, the Corporation gives the departing Member, Shareholder, Director or Officer a release of liability for any actions taken by the Corporation towards the departing Member, Shareholder, Director or Officer while the Member, Shareholder, Director or Officer was affiliated with the Corporation. |
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