Legal Question in Business Law in Missouri
A administratively disolved corp enters into a security agreement with another corp. The disolved corp is the lender . The corp was disolved when it entered into this security agreement. Is the borrower still liable to the disolved corp. the only borrower listed on the agreement is the disolved corp
Asked on 11/30/13, 11:56 am
1 Answer from Attorneys
Michael R. Nack
Michael R. Nack, Attorney at Law
Read your question again. It appears to have a mistake. If the lender is a legally dissolved corporation, the lender was a non-entity at the time of the loan. Perhaps their charter has been reinstated. Get all of the facts first and then consult with an attorney.
Answered on 11/30/13, 3:25 pm
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