{"data":{"id":"us-me/13-c-m.r.s.-1401","jurisdiction":"us-me","citation":"13-C M.R.S. §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:\n1.  Name.  The name of the corporation;\n2.  Date.  The date of incorporation;\n3.  Shares.  That none of the corporation's shares have been issued or that the corporation has not commenced business;\n4.  Debt.  That no debt of the corporation remains unpaid, including the filing of the annual report as required by section 1621;\n5.  Net assets.  That, if shares were issued, the net assets of the corporation remaining after winding up have been distributed to the shareholders;\n6.  Authorization of dissolution.  That a majority of the incorporators or initial directors authorized the dissolution;\n7.  Date authorized.  The date dissolution was authorized; and\n8.  Effective date.  The effective date of the dissolution.  A corporation is dissolved upon the effective date of its articles of dissolution.","path":["TITLE 13-C: MAINE BUSINESS CORPORATION ACT","CHAPTER 14: DISSOLUTION","SUBCHAPTER 1: VOLUNTARY DISSOLUTION"],"source_url":"https://legislature.maine.gov/statutes/13-C/title13-Csec1401.html","current_through":"October 1, 2025","vintage":"","retrieved_at":"2026-09-04T15:12:27Z","sha256":"9a51193571ec3b7223c4ecc3262b03531922a5924d412c2075e3b872d08ceff0","source_id":"us-me","stale":false,"prev":"us-me/13-c-m.r.s.-1341","next":"us-me/13-c-m.r.s.-1402"},"notice":"GroundRules: Original legal text. Not legal advice."}