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·Title 23 BUSINESS AND OTHER ASSOCIATIONS·Art. 1 INDIANA BUSINESS CORPORATION LAW·Ch. 45 Voluntary Dissolution

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

Indiana § 23-1-45-1 (Corporation that has not issued shares or commenced business) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.