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§ 79-4-14-01 — Mississippi Law | CourtGPT
  1. Home/
  2. Laws/
  3. Mississippi/
  4. Title 79 - Corporations, Associations, and Partnerships/
  5. Chapter 4 - Mississippi Business Corporation Act/
  6. Article 14 - Dissolution Sub/
  7. Subarticle A - Voluntary Dissolution/
  8. § 79-4-14-01
Mississippi Legal Code

§ 79-4-14-01

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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:(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.Laws, 1987, ch. 486, § 14.01 eff. 1/1/1988.