Walter Greb, Plaintiffs and Appellants v. Diamond International Corporation, Defendant and Respondent

Summary

The court held that California Corporations Code section 2010, which permits dissolved corporations to continue for winding-up purposes without a time limit for certain claims, applies only to domestic corporations and not to dissolved foreign corporations. The court rejected the argument that statutory language, legislative history, or a former constitutional provision required applying section 2010 to foreign corporations, and therefore affirmed dismissal of the asbestos claims as barred under the corporation's home-state law. The court disapproved the contrary appellate decision.