§1401. 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:
[PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]
1.
Name.
The name of the corporation;
[PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]
2.
Date.
The date of incorporation;
[PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]
3.
Shares.
That none of the corporation's shares have been issued or that the corporation has not commenced business;
[PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]
4.
Debt.
That no debt of the corporation remains unpaid, including the filing of the annual report as required by section 1621;
[PL 2003, c. 344, Pt. B, §108 (AMD).]
5.
Net assets.
That, if shares were issued, the net assets of the corporation remaining after winding up have been distributed to the shareholders;
[PL 2003, c. 344, Pt. B, §108 (AMD).]
6.
Authorization of dissolution.
That a majority of the incorporators or initial directors authorized the dissolution;
[PL 2003, c. 344, Pt. B, §108 (AMD).]
7.
Date authorized.
The date dissolution was authorized; and
[PL 2003, c. 344, Pt. B, §109 (NEW).]
8.
Effective date.
The effective date of the dissolution. A corporation is dissolved upon the effective date of its articles of dissolution.
[PL 2003, c. 344, Pt. B, §109 (NEW).]
SECTION HISTORY
PL 2001, c. 640, §A2 (NEW). PL 2001, c. 640, §B7 (AFF). PL 2003, c. 344, §§B108,109 (AMD).