2016 Kentucky Revised Statutes
CHAPTER 271B - BUSINESS CORPORATIONS
Subtitle 14 - Dissolution
271B.14-010 Dissolution by incorporators or initial directors.

Download as PDF 271B.14-010 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: (a) That none of the corporation's shares has been issued; or (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; and (6) That a majority of the incorporators or initial directors authorized the dissolution. Effective: January 1, 1989 History: Created 1988 Ky. Acts ch. 23, sec. 137, effective January 1, 1989.