Maine Revised Statutes Title 13-C Sec. 1401 – Dissolution by incorporators or initial directors
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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: [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]
1. Name. The name of the corporation;
[PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]
Terms Used In Maine Revised Statutes Title 13-C Sec. 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.
- Majority: when used in reference to age shall mean the age of 18 and over. See Maine Revised Statutes Title 1 Sec. 72
2. Date. The date of incorporation;
[PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]
3. Shares. That none of the corporation’s shares have been issued or that the corporation has not commenced business;
[PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).]
4. Debt. That no debt of the corporation remains unpaid, including the filing of the annual report as required by section 1621;
[PL 2003, c. 344, Pt. B, §108 (AMD).]
5. Net assets. That, if shares were issued, the net assets of the corporation remaining after winding up have been distributed to the shareholders;
[PL 2003, c. 344, Pt. B, §108 (AMD).]
6. Authorization of dissolution. That a majority of the incorporators or initial directors authorized the dissolution;
[PL 2003, c. 344, Pt. B, §108 (AMD).]
7. Date authorized. The date dissolution was authorized; and
[PL 2003, c. 344, Pt. B, §109 (NEW).]
8. Effective date. The effective date of the dissolution. A corporation is dissolved upon the effective date of its articles of dissolution.
[PL 2003, c. 344, Pt. B, §109 (NEW).]
SECTION HISTORY
PL 2001, c. 640, §A2 (NEW). PL 2001, c. 640, §B7 (AFF). PL 2003, c. 344, §§B108,109 (AMD).