What happens to a corporation's bank account when it is dissolved without warning?

A corporation's bank account is corporate property like anything else it owns, so if a corporation is dissolved — including an administrative dissolution the owners didn't see coming, for example after missing a required filing — the funds sitting in that account don't automatically pass to the former directors or shareholders. In practice, banks typically restrict or freeze an account once they become aware a corporation has been dissolved, since they're no longer dealing with an existing legal entity, and any remaining balance is corporate property that can become subject to the same forfeiture framework as other undistributed assets left behind by a dissolved corporation.

This catches business owners off guard more often than you'd expect, particularly with an administrative dissolution triggered by something as simple as a missed annual return. It's a good reason to keep corporate filings current and to check status regularly rather than assuming everything is fine because operations are continuing as usual.

If a corporation has already been dissolved and there are funds still in its account, reviving the corporation is generally the way to restore proper legal access to those funds, rather than trying to access them informally.