§414D-241 - Dissolution by incorporators, initial directors, and third persons.

PARTXIII.  DISSOLUTION

§414D-241  Dissolution by incorporators,initial directors, and third persons.  A majority of the incorporators orinitial directors of a corporation that has no members and has not commencedbusiness, subject to any approval required by the articles or bylaws, maydissolve the corporation by delivering to the department director articles ofdissolution that set forth:

(1)  The name of the corporation;

(2)  The date of its incorporation;

(3)  That the corporation has no members and that thecorporation has not commenced business;

(4)  That a plan of dissolution, indicating to whomthe assets owned or held by the corporation shall be distributed after allcreditors have been paid, has been adopted; and

(5)  That a majority of the incorporators or initialdirectors authorized the dissolution. [L 2001, c 105, pt of §1; am L 2006, c235, §7]