Florida Statutes 607.1401 – Dissolution by incorporators or directors
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Terms Used In Florida Statutes 607.1401
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Department: means the Florida Department of State. See Florida Statutes 607.01401
- Shares: means the units into which the proprietary interests in a corporation are divided. See Florida Statutes 607.01401
If a corporation has not yet issued shares, its board of directors, or a majority of incorporators if it has no board of directors, may dissolve the corporation by delivering to the department for filing articles of dissolution that must set forth:
(1) The name of the corporation;
(2) The date of its incorporation;
(3) That none of the corporation’s shares have been issued;
(4) That no debt of the corporation remains unpaid;
(5) That the net assets of the corporation remaining after winding up, if any, have been distributed; and
(6) That a majority of the incorporators or directors authorized the dissolution.