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PENASQUITOS, INC. v. SUPERIOR COURT

Docket No. S013292.

53 Cal.3d 1180 (1991)

812 P.2d 154

283 Cal. Rptr. 135

PENASQUITOS, INC., Petitioner, v. THE SUPERIOR COURT OF SAN DIEGO COUNTY, Respondent; WILLIAM BARBEE et al., Real Parties in Interest. CROW PACIFIC DEVELOPMENT CORPORATION et al., Petitioners, v. THE SUPERIOR COURT OF SAN DIEGO COUNTY, Respondent; ANDRES B. BISMONTE et al., Real Parties in Interest.

Supreme Court of California.

July 11, 1991.

Attorney(s) appearing for the Case

COUNSEL

Wright & L'Estrange, Robert C. Wright, Theresa L. Osterman, Timothy C. Stutler, Joseph T. Ergastolo, Ronald L. Donahoo, Higgs, Fletcher & Mack and John M. Morris for Petitioner.

No appearance for Respondent.

Virginia R. Gilson, Melissa K. Seifer, Robert B. Gerard and Michael T. Pines for Real Parties in Interest.

OPINION

KENNARD, J.

A California corporation may dissolve by following the procedure set forth in the Corporations Code. After it has dissolved, a corporation, although no longer permitted to do business as a going concern, continues to exist for purposes of winding up its affairs and, in particular, for discharging obligations and defending lawsuits. The question we face in this case is...

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