TITLE 4: ECONOMIC RESOURCES
DIVISION 4: CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS
§ 4601. Dissolution by Incorporators or Initial Directors. A majority of the incorporators of initial directors of a corporation that has not issued shares or has not commenced business may dissolve the corporation by delivering to the Registrar of Corporations for filing articles of dissolution that set forth: (a) The name of the corporation; (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. Source: PL 10-7, § 1 (Bus. Corp. Reg. § 14.01).