§414-383 Articles of dissolution.

229 words·~1 min read·/hi/chapter-414/414-383

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)At any time after dissolution is authorized, the corporation may dissolve by delivering to the department director for filing articles of dissolution setting forth:

(1)The name of the corporation;

(2)The date dissolution was authorized;

(3)If dissolution was approved by the shareholders;

(A)The number of votes entitled to be cast on the proposal to dissolve; and

(B)Either the total number of votes cast for and against dissolution or the total number of undisputed votes cast for dissolution and a statement that the number cast for dissolution was sufficient for approval; and

(4)If voting by voting groups was required, the information required by paragraph

(3)must be separately provided for each voting group entitled to vote separately on the plan to dissolve.

(b)A corporation is dissolved upon the effective date of its articles of dissolution. The articles of dissolution may specify a delayed effective time and date, and if it does so the document becomes effective at the time and date specified. If a delayed effective date but no time is specified, the document shall be effective at the close of business on that date. A delayed effective date for a document may not be later than the thirtieth day after the date it is filed. [L 2000, c 244, pt of §1; am L 2001, c 129, §39]