Arkansas § 4-27-1401 Dissolution by incorporators or initial directors

Arkansas Statutes

§ 4-27-1401 — 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:

(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.

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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: (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.

Arkansas § 4-27-1401 (Dissolution by incorporators or initial directors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.