2019 Montana Code Annotated
Title 35. Corporations, Partnerships, and Associations
Chapter 14. Montana Business Corporation Act(effective June 1, 2020)
Part 14. Dissolution(Effective June 1, 2020)
35-14-1401. Dissolution by incorporators or initial directors
35-14-1401. 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:
(1) the name of the corporation;
(2) the date of its incorporation;
(3) either:
(i) that none of the corporation's shares has been issued; or
(ii) 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.
History: En. Sec. 184, Ch. 271, L. 2019.
