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Georgia State Code
Title      14
Chapter       2  
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Section<<< 1323 1324 1325 1326 1327 1330 1331 1332 1401 1402 >>>  
Title 14, Chapter 2, Section 1401 (14-2-1401)

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.

Monday October 13 04:11 CDT


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