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VANCE v. NORTH AMERICAN ASBESTOS CORP.

No. 4-90-0085.

561 N.E.2d 279 (1990)

203 Ill. App.3d 565

149 Ill.Dec. 1

Betty VANCE, As Special Administrator of the Estate of Marvin J. Vance, and Individually, and Willard Tipsord and Otto Kessinger, Plaintiffs-Appellants, v. NORTH AMERICAN ASBESTOS CORPORATION and Max Meyer, Defendants-Appellees.

Appellate Court of Illinois, Fourth District.

September 20, 1990.

Attorney(s) appearing for the Case

James Walker, Ltd., Bloomington, Ill., for plaintiffs-appellants.

Dunn, Goebel, Ulbrich, Morel & Hundman, Bloomington (John L. Morel, of counsel), for defendants-appellees.

Justice GREEN delivered the opinion of the court:

At all times applicable here, section 94 of the Business Corporation Act (Act) stated:

"The dissolution of a corporation either (1) by the issuance of a certificate of dissolution by the Secretary of State, or (2) by the order of the court when the court has not liquidated the assets and business of the corporation, or (3) by expiration of its period of duration, shall not take away or impair any remedy available...

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