Title 14, Chapter 3, Section 1401
( 14-3-1401)
A majority of the incorporators or initial directors of a
corporation that has not admitted members entitled to vote on
dissolution, has not commenced activities, and has no net assets 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) That: (A) The corporation has not admitted members entitled to vote on
dissolution; (B) The corporation has not commenced activities; or (C) The corporation has no net assets. (4) That no debt of the corporation remains unpaid; and (5) That a majority of the incorporators or initial directors
authorized the dissolution. |