{"data":{"id":"us-mt/35-14-1401","jurisdiction":"us-mt","citation":"35-14-1401","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:\n(i) that none of the corporation's shares has been issued; or\n(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 35. CORPORATIONS, PARTNERSHIPS, AND ASSOCIATIONS","CHAPTER 14. MONTANA BUSINESS CORPORATION ACT","Part 14. Dissolution"],"source_url":"https://mca.legmt.gov/bills/mca/title_0350/chapter_0140/part_0140/section_0010/0350-0140-0140-0010.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:53:30Z","sha256":"d9c3e0a3d32d4b62c0c7c1da5e7a3af3880fcd7ce3221fbe78c0693b659257c7","source_id":"us-mt","stale":false,"prev":"us-mt/35-14-1340","next":"us-mt/35-14-1402"},"notice":"GroundRules: Original legal text. Not legal advice."}