Mass. Gen. Laws ch. 156D § 14.01

Current through Chapter 112 of the 2024 Legislative Session
Section 156D:14.01 - Dissolution by incorporators or initial directors

A majority of the incorporators or initial directors 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.

Mass. Gen. Laws ch. 156D, § 14.01

Added by Acts 2003, c. 127, § 17, eff. 7/1/2004.