Section 35-14-1401 - 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:
(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.Added by Laws 2019, Ch. 271,Sec. 184, eff. 6/1/2020.