PART XV.
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/hi/chapter-414/part-xvA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
PART XV. DISSOLUTION
A. Voluntary Dissolution
[§414-381] Dissolution by incorporators or initial directors. 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 department director for filing articles of dissolution that set forth:
(1)The name of the corporation;
(2)The date of its incorporation;
(3)Either:
(A)That none of the corporation's shares has been issued; or
(B)That the corporation has not commenced business;
(4)That no debt of the corporation remains unpaid;
(5)That the net assets of the corporation remaining after winding up have been distributed to the shareholders, if shares were issued; and
(6)That a majority of the incorporators or initial directors authorized the dissolution. [L 2000, c 244, pt of §1]