§414-381 - Dissolution by incorporators or initial directors.

PART XV. DISSOLUTION

A.  VoluntaryDissolution

[§414-381]  Dissolution by incorporators orinitial directors.  A majority of the incorporators or initial directors ofa corporation that has not issued shares or has not commenced business maydissolve the corporation by delivering to the department director for filingarticles of dissolution that set forth:

(1)  The name of the corporation;

(2)  The date of its incorporation;

(3)  Either:

(A)  That none of the corporation's shares hasbeen issued; or

(B)  That the corporation has not commencedbusiness;

(4)  That no debt of the corporation remains unpaid;

(5)  That the net assets of the corporation remainingafter winding up have been distributed to the shareholders, if shares wereissued; and

(6)  That a majority of the incorporators or initialdirectors authorized the dissolution. [L 2000, c 244, pt of §1]