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

Alabama Statutes

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

Alabama § 10A-2A-14.01

JurisdictionAlabama

Title 10AAlabama Business and Nonprofit Entities Code

Ch. 2AAlabama Business Corporation Law

Art. 14Dissolution

Div. AVoluntary Dissolution

This text of Alabama § 10A-2A-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-2A-14.01 (2026).

Text

A majority of the incorporators or initial directors of a corporation that has not issued stock or has not commenced business may dissolve the corporation by delivering to the Secretary of State for filing a certificate of dissolution that sets forth:

(a)the name of the corporation;

(b)the date of its incorporation;

(c)either (i) that none of the corporation’s stock has been issued, or (ii) 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 stockholders, if stock was issued;

(f)that a majority of the incorporators or initial directors authorized the dissolution; and

(g)the unique identifying number or other designation as assigned by the

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A majority of the incorporators or initial directors of a corporation that has not issued stock or has not commenced business may dissolve the corporation by delivering to the Secretary of State for filing a certificate of dissolution that sets forth:
(a) the name of the corporation;
(b) the date of its incorporation;
(c) either (i) that none of the corporation’s stock has been issued, or (ii) 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 stockholders, if stock was issued;
(f) that a majority of the incorporators or initial directors authorized the dissolution; and
(g) the unique identifying number or other designation as assigned by the Secretary of State.