§55-14-01. Dissolution by incorporators or directors

(a)        The board of directors or, if the corporation has no directors, a majority of the incorporators of a corporation that has not issued shares 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;

(1a)      The names and addresses of its officers, if any;

(1b)      The names and addresses of its directors, if any, or if none, the names and addresses of its incorporators;

(2)        The date of its incorporation;

(3)        That none of the corporation's shares has been issued;

(4)        That no debt of the corporation remains unpaid;

(5)        Reserved for future codification purposes; and

(6)        That a majority of the incorporators or the board of directors authorized the dissolution.

(b)        A corporation is dissolved upon the effective date of its articles of dissolution.

(1955, c. 1371, s. 1; 1959, c. 1316, s. 261/2; 1989, c. 265, s. 1; 1989 (Reg. Sess., 1990), c. 1024, s. 12.19.)