{"data":{"id":"us-ma/mass.-gen.-laws-ch.-156d-14.01","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 156D, § 14.01","heading":"Dissolution by incorporators or initial directors","body":"Section 14.01. DISSOLUTION BY INCORPORATORS OR INITIAL DIRECTORS\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 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 (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":["Part I","Title XXII","Chapter 156D"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXXII/Chapter156D/Section14.01","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:23:42Z","sha256":"f1abc58d318c2d528fd2af722a38a3fca9f8992d669d94062578d04db2aab173","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-156d-13.31","next":"us-ma/mass.-gen.-laws-ch.-156d-14.02"},"notice":"GroundRules: Original legal text. Not legal advice."}