2009 Iowa Code
Title 12 - Business Entities
Subtitle 2 - Business and Professional Corporations and Companies
CHAPTER 490 - BUSINESS CORPORATIONS
490.1401 - DISSOLUTION BY INCORPORATORS OR INITIAL DIRECTORS.

        490.1401  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 all of the
      following:
         1.  The name of the corporation.
         2.  The date of its incorporation.
         3.  Either of the following:
         a.  That none of the corporation's shares has been issued.
         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.

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

         89 Acts, ch 288, §145