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Current as of January 01, 2024 | Updated by FindLaw Staff
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:
(1) the name of the corporation;
(2) the date of its incorporation;
(3) either:
(i) that none of the corporation's shares has been issued; or
(ii) that the corporation has not commenced business;
(4) that no debt of the corporation remains unpaid;
(5) that the net assets of the corporation remaining after winding up have been distributed to the shareholders if shares were issued; and
(6) that a majority of the incorporators or initial directors authorized the dissolution.
Cite this article: FindLaw.com - Montana Title 35. Corporations, Partnerships, and Associations § 35-14-1401. Dissolution by incorporators or initial directors - last updated January 01, 2024 | https://codes.findlaw.com/mt/title-35-corporations-partnerships-and-associations/mt-code-ann-sect-35-14-1401/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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