North Carolina General Statutes 55A-14-01. Dissolution by incorporators or directors prior to commencement of activities
(a) A corporation that has not admitted members entitled to vote on dissolution, has not commenced activities, and has no assets may be dissolved by action of its board of directors or a majority of its incorporators, if there are no directors, by delivering to the Secretary of State for filing articles of dissolution that set forth:
(1) The name of the corporation;
Terms Used In North Carolina General Statutes 55A-14-01
- 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.
- 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
(2) The names and addresses of its officers, if any;
(3) The names and addresses of its directors, if any, or if none, the names and addresses of its incorporators;
(4) The date of its incorporation;
(5) That the corporation has not admitted members entitled to vote on dissolution, has not commenced activities, and has no assets;
(6) That no debt of the corporation remains unpaid; and
(7) That a majority of the incorporators or directors authorized the dissolution.
(b) Upon the filing of articles of dissolution under this section, the corporation becomes nonexistent and is cancelled as if such corporation had never been created. (1955, c. 1230; 1973, c. 314, s. 5; 1985 (Reg. Sess., 1986), c. 801, ss. 41, 43; 1993, c. 398, s. 1.)