Statutes > Idaho Statutes > TITLE 30 CORPORATIONS > CHAPTER 1 GENERAL BUSINESS CORPORATIONS > PART 14. DISSOLUTION > 30-1-1401 DISSOLUTION BY INCORPORATORS OR INITIAL DIRECTORS.

30-1-1401 DISSOLUTION BY INCORPORATORS OR INITIAL DIRECTORS.

TITLE 30

CORPORATIONS

CHAPTER 1

GENERAL BUSINESS CORPORATIONS

PART 14.

DISSOLUTION

30-1-1401. Dissolution by incorporators or initial directors. 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:

(a) That none of the corporation’s shares has been issued, or

(b) 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.