Ala. Code § 10A-2A-14.01: Dissolution by Incorporators or Initial Directors.
Where this section sits in the code
- Title 10A Alabama Business and Nonprofit Entities Code.
- Chapter 2A Alabama Business Corporation Law.
- Article 14 Dissolution.
- Division A Voluntary Dissolution.
A majority of the incorporators or initial directors of a corporation that has not issued stock or has not commenced business may dissolve the corporation by delivering to the Secretary of State for filing a certificate of dissolution that sets forth:
(a) the name of the corporation;
(b) the date of its incorporation;
(c) either (i) that none of the corporation’s stock has been issued, or (ii) that the corporation has not commenced business;
(d) that no debt of the corporation remains unpaid;
(e) that the net assets of the corporation remaining after winding up have been distributed to the stockholders, if stock was issued;
(f) that a majority of the incorporators or initial directors authorized the dissolution; and
(g) the unique identifying number or other designation as assigned by the Secretary of State.
Collected 2026-09-03T14:01:53Z. Source file · JSON