A majority of the incorporators or initial directors of a corporation that has not issued shares or has not commenced business may dissolve the corporation by delivering to the Secretary of State for filing articles of dissolution that set forth:
(1) The name of the corporation;
(2) The date of its incorporation;
(3) Either that:
(A) None of the corporation's shares has been issued; or
(B) The corporation has not commenced business;
(4) That no debt of the corporation remains unpaid;
(5) That the net assets of the corporation remaining after winding up have been distributed to the shareholders, if shares were issued; and
(6) That a majority of the incorporators or initial directors authorized the dissolution.
Section: 14-2-1401 14-2-1402 14-2-1403 14-2-1403.1 14-2-1404 14-2-1405 14-2-1406 14-2-1407 14-2-1408 14-2-1409 14-2-1410 NextLast modified: October 14, 2016