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Section 17-16-1401 - Dissolution by Incorporators or Initial Directors — Wyoming Law | CourtGPT
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  7. Section 17-16-1401 - Dissolution by Incorporators or Initial Directors
Wyoming Legal Code

Section 17-16-1401 - Dissolution by Incorporators or Initial Directors

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17-16-1401. Dissolution by incorporators or initial directors. (a) 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: (i) The name of the corporation; (ii) The date of its incorporation; (iii) Either: (A) That none of the corporation's shares has been issued; or (B) That the corporation has not commenced business. (iv) That no debt of the corporation remains unpaid; (v) That the net assets of the corporation remaining after winding up have been distributed to the shareholders, if shares were issued; and (vi) That a majority of the incorporators or initial directors authorized the dissolution.

17-16-1401. Dissolution by incorporators or initial directors. (a) 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: (i) The name of the corporation; (ii) The date of its incorporation; (iii) Either: (A) That none of the corporation's shares has been issued; or (B) That the corporation has not commenced business. (iv) That no debt of the corporation remains unpaid; (v) That the net assets of the corporation remaining after winding up have been distributed to the shareholders, if shares were issued; and (vi) That a majority of the incorporators or initial directors authorized the dissolution.