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Administratively dissolved corporation

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twoabp

Junior Member
What is the name of your state (only U.S. law)? Arizona

The corporate name of an administratively dissolved corporation in AZ is available to anyone who wants to purchase it for $45 and they have 120 days to file their own corporate papers. The questions are: (1) Does such a buyer of the corporate name inherit any outstanding debts or obligations incurred by the former owner?, and (2) Can the name buyer force the former name owner to discontinue all use of the name?
 
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