{"data":{"id":"us-ga/o.c.g.a.-14-2-1401","jurisdiction":"us-ga","citation":"O.C.G.A. § 14-2-1401","heading":"Dissolution by incorporators or initial directors.","body":"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:\n(1) The name of the corporation;\n(2) The date of its incorporation;\n(3) Either that:\n(A) None of the corporation’s shares has been issued; or\n(B) 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 14 Corporations, Partnerships, and Associations","CHAPTER 2 Business Corporations","Article 14 Dissolution","PART 1 Voluntary Dissolution"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.14.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"df8202881742671214cef3f62df609107403bba2f55933cc04ca417fcaa785b9","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-14-2-1332","next":"us-ga/o.c.g.a.-14-2-1402"},"notice":"GroundRules: Original legal text. Not legal advice."}