Section 30-29-1401 - 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:
(a) The name of the corporation;(b) The date of its incorporation;(c) Either: (1) That none of the corporation's shares has been issued; or(2) That the corporation has not commenced business;(d) That no debt of the corporation remains unpaid;(e) That the net assets of the corporation remaining after winding up have been distributed to the shareholders, if shares were issued; and(f) That a majority of the incorporators or initial directors authorized the dissolution.[30-29-1401, added 2015, ch. 243, sec. 69, p. 956; am. 2019, ch. 90, sec. 145, p. 319.]Amended by 2019 Session Laws, ch. 90,sec. 145, eff. 7/1/2019.Added by 2015 Session Laws, ch. 243,sec. 69, eff. 7/1/2015.