{"data":{"id":"us-al/ala.-code-10a-2-14.01","jurisdiction":"us-al","citation":"Ala. Code § 10A-2-14.01","heading":"Dissolution by Incorporators or Initial Directors","body":"REPEALED IN THE 2019 REGULAR SESSION BY ACT 2019-94 EFFECTIVE JANUARY 1, 2020. THIS IS NOT IN THE CURRENT CODE SUPPLEMENT.\nA 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 for filing to the judge of probate articles of dissolution that set forth:\n(1) The name of the corporation;\n(2) The date of its incorporation;\n(3) Either (i) that none of the corporation’s shares has been issued or (ii) that the corporation has not commenced business;\n(4) That no debt of the corporation remains unpaid;\n(5) That the net assets of the corporation remaining after winding up have been distributed to the shareholders, if shares were issued; and\n(6) That a majority of the incorporators or initial directors authorized the dissolution.","path":["Title 10A Alabama Business and Nonprofit Entities Code.","Chapter 2 Business Corporations.","Article 14 Dissolution.","Division A Voluntary Dissolution."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=10A-2-14.01","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:53Z","sha256":"91c97757ddc1ec151ec5b56c6c8a23423554fbbff3f6e77446c0687b4e71f153","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-10a-2-13.32","next":"us-al/ala.-code-10a-2-14.02"},"notice":"GroundRules: Original legal text. Not legal advice."}