Article 14.

178 words·~1 min read·/nc/chapter-55/14

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

Article 14.

Dissolution.

Part 1. Voluntary Dissolution.

§ 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.)