Montana § 35-14-1401 Dissolution By Incorporators Or Initial Directors

Montana Statutes

§ 35-14-1401 — Dissolution By Incorporators Or Initial Directors

Montana·Title 35 CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS·Ch. 14 MONTANA BUSINESS CORPORATION ACT·Part 14 Dissolution

35-14-1401 . 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)the name of the corporation;

(2)the date of its incorporation;

(3)either:

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

(ii)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

35-14-1401 . 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) the name of the corporation;
(2) the date of its incorporation;
(3) either:
(i) that none of the corporation's shares has been issued; or
(ii) 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.

Montana § 35-14-1401 (Dissolution By Incorporators Or Initial Directors) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.