Indiana § 23-1-45-1 Corporation that has not issued shares or commenced business

Indiana Statutes

§ 23-1-45-1 — Corporation that has not issued shares or commenced business

Indiana § 23-1-45-1

Title 23BUSINESS AND OTHER ASSOCIATIONS

Art. 1INDIANA BUSINESS CORPORATION LAW

Ch. 45Voluntary Dissolution

This text of Indiana § 23-1-45-1 (Corporation that has not issued shares or commenced business) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ind. Code § 23-1-45-1 (2026).

Text

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:

(A)that none of the corporation's shares has been issued; or

(B)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:
(A) that none of the corporation's shares has been issued; or
(B) 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.