A majority of the incorporators or initial directors of a nonprofit corporation that has not commenced activity may dissolve the nonprofit corporation by delivering to the Secretary of State for filing a certificate of dissolution that sets forth:

(1) the name of the nonprofit corporation;
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Terms Used In Alabama Code 10A-3A-11.01

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • state: when applied to the different parts of the United States, includes the District of Columbia and the several territories of the United States. See Alabama Code 1-1-1
(2) the date of its incorporation;
(3) that the nonprofit corporation has not commenced activity;
(4) that no debt of the nonprofit corporation remains unpaid;
(5) that the net assets of the nonprofit corporation remaining after winding up have been distributed;
(6) that a majority of the incorporators or directors authorized the dissolution; and
(7) the unique identifying number or other designation as assigned by the Secretary of State.
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