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