Shareholders' Consent: Dissolution and Liquidation Plan Agreement
(NY Professional Service Corporation)
Summary
This shareholders' consent template may be used to provide shareholder consent to the dissolution of a New York professional service corporation and approve a plan of liquidation, without a meeting. This template includes practical guidance and drafting notes. The consent further authorizes the corporation to file a certificate of dissolution and to execute and implement a plan of liquidation (which should be attached as an exhibit) that provides for payment of liabilities and distribution of assets. For further information on dissolution of a New York professional service corporation, see Professional Corporations (NY).