Strobes_on,
Just curious as to how that might happen.
If the business is sold pre-liquidation (i.e. as a going concern), then corporate structure potentially remains intact. If the business is sold post liqudation then essentially what is being sold is a group of, potentially unrelated, assets. That is, without any corporate structure linking them, as all management has been dissolved. One of the big conditions of an AOC is appropriate corporate structure, therefore if this does not exist, the AOC is null and void.
Thats just my reading of it, any thoughts?