§ 13-C §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.
Name.
The name of the corporation;
2.
Date.
The date of incorporation;
3.
Shares.
That none of the corporation's shares have been issued or that the corporation has not commenced business;
4.
Debt.
That no debt of the corporation remains unpaid, including the filing of the annual report as required by section 1621;
5.
Net assets.
That, if shares were issued, the net assets of the corporation remaining after winding up have been distributed to the shareholders;
6.
Authorization of dissolution.
That a majority of the incorporators or initial directors authorized the dissolution;
7.
Date authorized.
The date dissolution was authorized; and
8.
Effective date.
The effective date of the dissolution. A corporation is dissolved upon the effective date of its articles of dissolution.

Legislative History

PL 2001, c. 640, §A2 (NEW). PL 2001, c. 640, §B7 (AFF). PL 2003, c. 344, §§B108,109 (AMD).