(a)        At any time after dissolution is authorized pursuant to N.C. Gen. Stat. § 55-14-02, the corporation may dissolve by delivering to the Secretary of State for filing articles of dissolution setting forth:

(1)        The name of the corporation;

(1a)      The names and addresses of its officers;

(1b)      The names and addresses of its directors;

(2)        The date dissolution was authorized;

(3)        A statement that shareholder approval was obtained as required by this Chapter.

(4)        Repealed by Session Laws 1991, c. 645, s. 10(c).

(b)        A corporation is dissolved upon the effective date of its articles of dissolution.

(c)        For purposes of this Chapter, a dissolved corporation is a corporation whose articles of dissolution have become effective and includes a successor entity to which the remaining assets of the corporation are transferred subject to its liabilities for purposes of a liquidation. (1901, c. 2, s. 34; Rev., s. 1195; C.S., s. 1182; 1941, c. 195; G.S., s. 55-121; 1951, c. 1005, s. 4; 1955, c. 1371, s. 1; 1989, c. 265, s. 1; 1991, c. 645, s. 10(c); 2005-268, s. 31.)

Terms Used In North Carolina General Statutes 55-14-03

  • 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.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • state: when applied to the different parts of the United States, shall be construed to extend to and include the District of Columbia and the several territories, so called; and the words "United States" shall be construed to include the said district and territories and all dependencies. See North Carolina General Statutes 12-3