Section 271B.14-010 - 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: (a) That none of the corporation's shares has been issued; or(b) 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.Effective:1/1/1989
Created 1988 Ky. Acts ch. 23, sec. 137, effective1/1/1989.