US Laws, Codes, Statutes & Cases

53-16-11. Articles of dissolution.

If voluntary dissolution proceedings have not been revoked, then, when all debts, liabilities and obligations of the corporation have been paid and discharged or adequate provision has been made therefor and all of the remaining property and assets of the corporation have been distributed to its shareholders, articles of dissolution shall be executed by the corporation by an authorized officer, which statement shall set forth:   

A.     the name of the corporation;   

B.     that the commission has previously filed a statement of intent to dissolve the corporation and the date on which the statement was filed;   

C.     that all debts, obligations and liabilities of the corporation have been paid and discharged or that adequate provision has been made therefor;   

D.     that all the remaining property and assets of the corporation have been distributed among its shareholders in accordance with their respective rights and interests; and   

E.     that there are no suits pending against the corporation in any court or that adequate provision has been made for the satisfaction of any judgment, order or decree that may be entered against it in any pending suit.