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. |