Utah Code 16-10a-1401. Authorization of dissolution prior to issuance of shares
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Utah Code 16-10a-1401
- 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.
If a corporation has not yet issued shares, a majority of its directors, or if no directors have been elected or if elected directors are no longer serving, a majority of its incorporators may authorize the dissolution of the corporation.