Dissolution by incorporators or initial directors.

A majority of the incorporators or initial directors of a corporation that has not issued stock or has not commenced business may dissolve the corporation by delivering to the Secretary of State for filing a certificate of dissolution that sets forth:

(a) the name of the corporation;

(b) the date of its incorporation;

(c) either (i) that none of the corporation's stock has been issued, or (ii) 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 stockholders, if stock was issued;

(f) that a majority of the incorporators or initial directors authorized the dissolution; and

(g) the unique identifying number or other designation as assigned by the Secretary of State.

(Act 2019-94, §1; Act 2020-73, §7.)