Notice of Commencement of Proceedings to Wind Up and Dissolve
(CA Social Purpose Corporation)

Summary

This template Notice of Commencement of Proceedings to Wind Up and Dissolve (CA Social Purpose Corporation) may be sent to all shareholders, creditors, and claimants of the California social purpose corporation. This template includes practical guidance and drafting notes. Following approval of a dissolution of the social purpose corporation by its directors and shareholders, Section 1903(c) of the California Corporations Code requires that written notice of the commencement of the voluntary winding up be given by the board via mail to all shareholders who did not consent to the dissolution, and all known creditor and claimants whose addresses appear on the records of the social purpose corporation. For more information, see Social Purpose Corporations (CA) — Dissolution.