Section 317A.711 Voluntary Dissolution by Incorporators - Minnesota Statutes

317A.711 VOLUNTARY DISSOLUTION BY INCORPORATORS.

Subdivision 1.Manner.

If the first board of directors has not been named in the articles, designated or appointed pursuant to the articles, or elected under section 317A.171, a corporation may be dissolved by the incorporators as provided in this section.

Subd. 2.Articles of dissolution.

(a) A majority of the incorporators shall sign articles of dissolution containing:

(1) the name of the corporation;

(2) the date of incorporation;

(3) a statement that the first board of directors has not been named in the articles, designated or appointed pursuant to the articles, or elected at an organizational meeting;

(4) a statement that no debts remain unpaid; and

(5) a statement that notice to the attorney general required by section 317A.811 has been given and the waiting period has expired or has been waived by the attorney general or a statement that section 317A.811 is not applicable.

(b) The articles of dissolution must be filed with the secretary of state.

Subd. 3.Effective date.

When the articles of dissolution have been filed with the secretary of state, the corporation is dissolved.

Subd. 4.Certificate.

The secretary of state shall issue to the dissolved corporation a certificate of dissolution that contains:

(1) the name of the corporation;

(2) the date and time the articles of dissolution were filed with the secretary of state; and

(3) a statement that the corporation is dissolved.

History:

1989 c 304 s 95; 1990 c 488 s 33