Alabama § 10A-2-14.01 Dissolution by Incorporators or Initial Directors

Alabama Statutes

§ 10A-2-14.01 — Dissolution by Incorporators or Initial Directors

Alabama § 10A-2-14.01

JurisdictionAlabama

Title 10AAlabama Business and Nonprofit Entities Code

Ch. 2Business Corporations

Art. 14Dissolution

Div. AVoluntary Dissolution

This text of Alabama § 10A-2-14.01 (Dissolution by Incorporators or Initial Directors) is published on Counsel Stack Legal Research, covering Alabama primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ala. Code § 10A-2-14.01 (2026).

Text

REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT. 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 for filing to the judge of probate 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 in

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REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.
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 for filing to the judge of probate 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.