79-4-14 - 01. Dissolution by incorporators or initial directors. - Mississippi Statutes

§ 79-4-14.01. 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 Secretary of State for filing articles of dissolution that set forth: 
 

(1) The name of the corporation; 

(2) The date of its incorporation; 

(3) Either (i) that none of the corporation's shares has been issued, or (ii) 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. 
 

Sources: Laws,  1987, ch. 486, § 14.01 eff from and after January 1, 1988.