Dissolution by incorporators or directors. — If a corporation has not yet issued shares, its board of directors, or a majority of incorporators if it has no board of directors, may dissolve the corporation by delivering to the department for filing articles of dissolution that must set forth: (1) The name of the corporation; (2) The date of its incorporation; (3) That none of the corporation’s shares have been issued; (4) That no debt of the corporation remains unpaid; (5) That the net assets of the corporation remaining after winding up, if any, have been distributed; and (6) That a majority of the incorporators or directors authorized the dissolution.
Chat with this statute using AI
Ask CiteLaw's AI Navigator anything about this statute, verify citations, and research related authorities. Sign up for CiteLaw free today to get started.