There is a newer version
of
this Section
2018 Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 3 - Nonprofit Corporations
Article 14 - Dissolution
Part 1 - Voluntary Dissolution
§ 14-3-1401. Dissolution by incorporators or initial directors
Universal Citation: GA Code § 14-3-1401 (2018)
- A majority of the incorporators or initial directors of a corporation that has not admitted members entitled to vote on dissolution, has not commenced activities, and has no net assets 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) That:
(A) The corporation has not admitted members entitled to vote on dissolution;
(B) The corporation has not commenced activities; and
(C) The corporation has no net assets;
(4) That no debt of the corporation remains unpaid; and
(5) That a majority of the incorporators or initial directors authorized the dissolution.
Disclaimer: These codes may not be the most recent version. Georgia may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
