950 CMR 113.40

Voluntary Dissolution of a Corporation Which Has Not Issued Shares or Has Not Commenced

Year: 2026Length: 186 wordsOfficial source
Business (1) A corporation which has not issued shares or has not commenced business may dissolve by majority vote of the incorporators or initial directors. (2) The articles of dissolution consist of a form supplied by the Division or a document formatted in the same manner as the Division form. The articles of dissolution shall set forth: (b) the street address of the corporation’s registered office; (c) the date of its incorporation; (d) whether the dissolution was authorized by a majority vote of the incorporators or the initial directors in the manner required by law; (e) that none of the corporation’s shares has been issued or that the corporation has not commenced business; (f) that no debt of the corporation remains unpaid; and (g) that the net assets of the corporation remaining after winding up have been distributed to the shareholders, if the shares were issued; and (h) the date and time the articles of dissolution will be effective if the articles of dissolution are to be effective at a later date and/or time, not more than 90 days from the date and time of filing.
950 CMR 113.40: Voluntary Dissolution of a Corporation Which Has Not Issued Shares or Has Not Commenced | Justis AI