{"data":{"id":"us-al/ala.-code-10a-2a-14.01","jurisdiction":"us-al","citation":"Ala. Code § 10A-2A-14.01","heading":"Dissolution by Incorporators or Initial Directors.","body":"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:\n(a) the name of the corporation;\n(b) the date of its incorporation;\n(c) either (i) that none of the corporation’s stock has been issued, or (ii) that the corporation has not commenced business;\n(d) that no debt of the corporation remains unpaid;\n(e) that the net assets of the corporation remaining after winding up have been distributed to the stockholders, if stock was issued;\n(f) that a majority of the incorporators or initial directors authorized the dissolution; and\n(g) the unique identifying number or other designation as assigned by the Secretary of State.","path":["Title 10A Alabama Business and Nonprofit Entities Code.","Chapter 2A Alabama Business Corporation Law.","Article 14 Dissolution.","Division A Voluntary Dissolution."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=10A-2A-14.01","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:53Z","sha256":"38dbc7e49754e966bdc9cbf51b1184aa5ca4bfc3141c8b8b38fadb61145b3053","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-10a-2a-13.40","next":"us-al/ala.-code-10a-2a-14.02"},"notice":"GroundRules: Original legal text. Not legal advice."}