Wisconsin Statutes 180.1401 – Dissolution before issuance of shares
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Terms Used In Wisconsin Statutes 180.1401
- 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.
- Following: when used by way of reference to any statute section, means the section next following that in which the reference is made. See Wisconsin Statutes 990.01
(1) The incorporators or the board of directors of a corporation that has not issued shares may authorize the dissolution of the corporation.
(2) At any time after dissolution is authorized under sub. (1), the corporation may dissolve by delivering to the department for filing articles of dissolution that include all of the following:
(a) The name of the corporation.
(b) The date of its incorporation.
(c) A statement that none of the corporation’s shares has been issued.
(d) A statement that no debt of the corporation remains unpaid.
(e) A statement that the incorporators or the board of directors, specifying which, authorized the dissolution in accordance with this section.
(3) A corporation is dissolved under this section on the effective date of its articles of dissolution.