[§414D-242]  Dissolution by directors,
members, and third persons.  (a)  Unless this chapter, any other state
law, the articles, the bylaws, or the board of directors or members (acting
pursuant to subsection (c)) require a greater vote or voting by class,
dissolution is authorized if it is approved:



(1)  By the board;



(2)  By the members, if any, by two-thirds of the
votes cast or a majority of the voting power, whichever is less; and



(3)  In writing by any person or persons whose
approval is required by a provision of the articles authorized by section 414D‑188
for an amendment to the articles or bylaws.



(b)  If the corporation does not have members,
dissolution must be approved by a vote of a majority of the directors in office
at the time the transaction is approved.  In addition, the corporation shall
provide notice of any directors' meeting at which the approval is to be
obtained in accordance with section 414D‑145(c).  The notice must also
state that the purpose, or one of the purposes, of the meeting is to consider
dissolution of the corporation and contain or be accompanied by a copy or
summary of the plan of dissolution.



(c)  The board may condition its submission of
the proposed dissolution, and the members may condition their approval of the
dissolution on receipt of a higher percentage of affirmative votes or on any
other basis.



(d)  If the board seeks to have dissolution
approved by the members at a membership meeting, the corporation shall give
notice to its members of the proposed membership meeting in accordance with
section 414D‑105.  The notice shall also state that the purpose, or one
of the purposes, of the meeting is to consider dissolving the corporation and
contain or be accompanied by a copy or summary of the plan of dissolution.



(e)  If the board seeks to have dissolution
approved by the members by written consent or written ballot, the material
soliciting the approval shall contain or be accompanied by a copy or summary of
the plan of dissolution.



(f)  The plan of dissolution shall indicate to
whom the assets owned or held by the corporation will be distributed after all
creditors have been paid. [L 2001, c 105, pt of §1]