Sec. 1. A majority of the incorporators or initial directors of a corporation that has no members or has not commenced activities may dissolve the corporation by delivering to the secretary of state for filing articles of dissolution that set forth the following:

(1) The name of the corporation.

Need help reviewing 501c forms?
Have it reviewed by a lawyer, get answers to your questions and move forward with confidence.
Connect with a lawyer now

Terms Used In Indiana Code 23-17-22-1

  • 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.
(2) The date of the corporation’s incorporation.

(3) Either:

(A) that no membership in the corporation has been issued; or

(B) that the corporation has not commenced business.

(4) That no debt of the corporation remains unpaid.

(5) That a majority of the incorporators or initial directors authorized the dissolution.

As added by P.L.179-1991, SEC.1.