PART XV.  DISSOLUTION

A.  Voluntary Dissolution

     [§414-381]  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 department director 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. [L 2000, c 244, pt of §1]