Indiana § 8-1-13-21 Dissolution of corporation

Indiana Statutes

§ 8-1-13-21 — Dissolution of corporation

Indiana § 8-1-13-21

Art. 1UTILITIES GENERALLY

Ch. 13Rural Electric Membership Corporation Act

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Bluebook

Ind. Code § 8-1-13-21 (2026).

Text

Any corporation created under this chapter may be dissolved by filing in the office of the secretary of state articles of dissolution which shall be entitled and indorsed "Articles of dissolution of ____________" (the blank space being filled in with the name of the corporation) and shall state:

(a)Name of the corporation and, if such corporation is a corporation resulting from a consolidation as provided in this chapter, the names of the original corporations.

(b)The date of filing of the articles of incorporation in the office of secretary of state and, if such corporation is a corporation resulting from a consolidation as provided in this chapter, the dates on which the articles of incorporation of the original corporations were filed in the office of secretary of state.

(c)That the

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Any corporation created under this chapter
may be dissolved by filing in the office of the secretary of state articles
of dissolution which shall be entitled and indorsed "Articles of
dissolution of ____________" (the blank space being filled in with the
name of the corporation) and shall state:
(a) Name of the corporation and, if such corporation is a
corporation resulting from a consolidation as provided in this
chapter, the names of the original corporations.
(b) The date of filing of the articles of incorporation in the office
of secretary of state and, if such corporation is a corporation
resulting from a consolidation as provided in this chapter, the
dates on which the articles of incorporation of the original
corporations were filed in the office of secretary of state.
(c) That the corporation elects to dissolve.
(d) The name and post office address of each of its directors, and
the name, title, and post office address of each of its officers.
Such articles shall be subscribed and acknowledged in the same
manner as original articles of incorporation by the president or vice
president and the secretary or an assistant secretary, who shall make
and annex an affidavit stating that they have been authorized to execute
and file such articles by a resolution duly adopted by the members of
each corporation at meetings thereof duly called and held as provided
in section 8 of this chapter. Articles of dissolution and/or a certified
copy or copies thereof shall be filed in the same places as original
articles of incorporation and thereupon the corporation shall be deemed
to be dissolved. Such corporation shall continue for the purpose of
paying, satisfying, and discharging any existing liabilities or
obligations and collecting or liquidating its assets, and doing all other
acts required to adjust and wind up its business and affairs, and may
sue and be sued, in its corporate name. Any assets remaining after all
liabilities or obligations of the corporation have been satisfied or
discharged shall pass to and become the property of the state.
Formerly: Acts 1935, c.175, s.19; Acts 1937, c.258, s.11. As
amended by P.L.59-1984, SEC.68.