Section 33-14-101 - Dissolution by incorporators or initial directorsThe board of directors or, if the corporation has no directors, a majority of the incorporators 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 (i) that none of the corporation's shares has been issued or (ii) that 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that a majority of the incorporators or initial directors authorized the dissolution.1988 Act No. 444, Section 2; Repealed, 1988 Act No. 444, Section 4(1)]; 1981 Act No. 146, Section 2; 1962 (52) 1996; Derived from 1976 Code Section 33-21-10 [1962 Code Section 12-22.1.