2019 Georgia Code
Title 14 - Corporations, Partnerships, and Associations
Chapter 2 - Business Corporations
Article 14 - Dissolution
Part 1 - Voluntary Dissolution
§ 14-2-1401. Dissolution by incorporators or initial directors

Universal Citation:
GA Code § 14-2-1401 (2019)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
  • 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 that:

      • (A) None of the corporation's shares has been issued; or

      • (B) 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.

History:

Code 1981, § 14-2-1401, enacted by Ga. L. 1988, p. 1070, § 1.

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