North Dakota Code 10-33-97 – Voluntary dissolution by incorporators
1. If the first board has not been named in the articles, designated or appointed pursuant to the articles, or elected under section 10-33-25, a corporation may be dissolved by the incorporators as provided in this section.
Terms Used In North Dakota Code 10-33-97
- 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 territories. See North Dakota Code 1-01-49
2. A majority of the incorporators shall sign articles of dissolution containing:
a. The name of the corporation; b. The date of incorporation; c. A statement that the first board has not been: (1) Named in the articles; (2) Designated or appointed pursuant to the articles; or
(3) Elected at an organizational meeting; d. A statement that no debts remain unpaid; and e. A statement:
(1) That notice to the attorney general required by section 10-33-122 has been given and the waiting period: (a) Has expired; or
(b) Has been waived by the attorney general; or
(2) That section 10-33-122 is not applicable.
3. The articles of dissolution must be filed with the secretary of state together with the fees provided in section 10-33-140.
4. When the articles of dissolution have been filed with the secretary of state, the corporation is dissolved.
5. The secretary of state shall issue to the dissolved corporation a certificate of dissolution that contains:
a. The name of the corporation; b. The date the articles of dissolution were filed with the secretary of state; and c. A statement that the corporation is dissolved.