Idaho § 30-29-1401 DISSOLUTION BY INCORPORATORS OR INITIAL DIRECTORS

Idaho Statutes

§ 30-29-1401 — DISSOLUTION BY INCORPORATORS OR INITIAL DIRECTORS

Idaho·Title 30 CORPORATIONS·Part 14 DISSOLUTION·Ch. 29 GENERAL BUSINESS CORPORATIONS

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:

(a)The name of the corporation;

(b)The date of its incorporation;

(c)Either:

(1)That none of the corporation’s shares has been issued; or

(2)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 shareholders, if shares were issued; and

(f)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:
(a) The name of the corporation;
(b) The date of its incorporation;
(c) Either:
(1) That none of the corporation’s shares has been issued; or
(2) 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 shareholders, if shares were issued; and
(f) That a majority of the incorporators or initial directors authorized the dissolution.

Idaho § 30-29-1401 (DISSOLUTION BY INCORPORATORS OR INITIAL DIRECTORS) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.