{"data":{"id":"us-vt/11a-v.s.a.-14.01","jurisdiction":"us-vt","citation":"11A V.S.A. § 14.01","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(A) that none of the corporation’s shares has been issued; or\n(B) 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 11A: Vermont Business Corporations","Chapter 014: Dissolution","Subchapter 001: VOLUNTARY DISSOLUTION"],"source_url":"https://legislature.vermont.gov/statutes/fullchapter/11A/014","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T16:09:36Z","sha256":"b11a7217dd2a32964765fa21b2cfd674527299fdb79f6dc182db4eba6e67ac7b","source_id":"us-vt","stale":false,"prev":"us-vt/11a-v.s.a.-13.31","next":"us-vt/11a-v.s.a.-14.02"},"notice":"GroundRules: Original legal text. Not legal advice."}