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DISTRICT OF COLUMBIA STATUTES AND CODES

Section 29-412.01 - Dissolution by incorporators or directors

Dissolution by incorporators or directors

A majority of the incorporators or directors of a nonprofit corporation that has not commenced activity, or of a membership corporation that has not admitted any members, may dissolve the corporation by delivering to the Mayor for filing articles of dissolution that set forth:

(1) The name of the corporation;

(2) The date of its incorporation;

(3)(A) That the corporation has not commenced activity; or

(B) That the corporation is a membership corporation and has not admitted any members;

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

(5) That, except as otherwise provided in the articles of incorporation or bylaws, the net assets of the corporation remaining after winding up have been distributed to the members, if members were admitted; and

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

CREDIT(S)

(July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.)

HISTORICAL AND STATUTORY NOTES

Legislative History of Laws
For history of Law 18-378, see notes under § 29-101.01.

Current through September 13, 2012

District of Columbia Law

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