11A V.S.A. § 14.03

Articles of dissolution; content of notice; notice to Department of Labor regarding unpaid wages

Last amended: 2011Year: 2026Length: 208 wordsSubsections: 3Official source
(a) At any time after dissolution is authorized, the corporation may dissolve by delivering to the Secretary of State for filing articles of dissolution setting forth: (1) the name of the corporation; (2) the date dissolution was authorized; (3) if dissolution was approved by the shareholders: (A) the number of votes entitled to be cast on the proposal to dissolve; and (B) either the total number of votes cast for and against dissolution or the total number of undisputed votes cast for dissolution and a statement that the number cast for dissolution was sufficient for approval; (4) if voting by voting groups was required, the information required by subdivision (3) of this subsection, separately provided for each voting group entitled to vote separately on the plan to dissolve; (5) a statement as to the settlement of debts, the distribution of property, and the status of pending litigation; (6) a statement whether the corporation owes any unpaid wages to its employees. (b) Subject to the provisions of section 14.09 of this title, a corporation is dissolved upon the effective date of its articles of dissolution. (c) If a corporation owes unpaid wages to its employees, it shall also file a statement to that effect with the Department of Labor.
11A V.S.A. § 14.03: Articles of dissolution; content of notice; notice to Department of Labor regarding unpaid wages | Justis AI