{"data":{"id":"us-sc/s.c.-code-ann.-33-14-101","jurisdiction":"us-sc","citation":"S.C. Code Ann. § 33-14-101","heading":"Dissolution by incorporators or initial directors.","body":"The board of directors or, if the corporation has no directors, a majority of the incorporators 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":["Title 33 - CORPORATIONS, PARTNERSHIPS AND ASSOCIATIONS","CHAPTER 14 Dissolution","ARTICLE 1 Voluntary Dissolution"],"source_url":"https://www.scstatehouse.gov/code/t33c014.php","current_through":"2025 Session of the General Assembly","vintage":"","retrieved_at":"2026-09-02T07:03:24Z","sha256":"65d818dcca09f1ab07e29d807b7167ecccdc40a7fd66f6537bf3c5e9cef6a0c1","source_id":"us-sc","stale":false,"prev":"us-sc/s.c.-code-ann.-33-13-310","next":"us-sc/s.c.-code-ann.-33-14-102"},"notice":"GroundRules: Original legal text. Not legal advice."}