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 Director of Revenue & Taxation for filing articles of dissolution that set forth: (a) the name of the corporation;
COL372014
(b) the date of its incorporation; (c) either: (1) that none of the corporation’s shares has been issued or (2) that the corporation has not commenced business; (d) that no debt of the corporation remains unpaid; (e) that the net assets of the corporation remaining after winding up have been distributed to the shareholders, if shares were issued; and (f) that a majority of the incorporators or initial directors authorized the dissolution.