Alabama Statutes
§ 41-10-887 — Dissolution
At any time, the board, by at least three-quarters vote, may dissolve the corporation by having at least three-quarters of its members file with the Secretary of State an application for dissolution, which shall be sworn to by each signatory thereto by a notary public. Upon the filing of the application for dissolution, the corporation shall cease to exist. The Secretary of State shall file and record the application for dissolution, and shall make and issue, under the Great Seal of the state, a certificate that the corporation is dissolved, and shall record the certificate with the application for dissolution. Title to all property held in the name of the corporation shall be vested in the state upon dissolution of the corporation.
Free access — add to your briefcase to read the full text and ask questions with AI
Alabama § 41-10-887 (Dissolution) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Act 2024-309, §2.)