CPA · Business Corporations Act
Part 2 — .1
15.7 Continuation of actions after dissolution
dissolution was an unlimited liability corporation, and in addition
(a) the liability of the share holders for obligations of the
unlimited liability corporation arising from actions and
proceedings commenced by or against it before its
dissolution or within 2 years after its dissolution is
unlimited, and
(b) any shareholder, including a former shareholder who last
ceased to be a shareholder within 2 years prior to the date of
dissolution, may be held responsible for the full amount of
any claim against the unlimited liability corporation that
originated before dissolution, regardless of the amount, if
any, received by the shareholder on the distribution of the
corporation's property at dissolution.
2005 c8 s9;2005 c40 s3