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35-1-931. Dissolution by incorporators or initial directors

MT Code § 35-1-931 (2019) (N/A)
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35-1-931. (Temporary) Dissolution by incorporators or initial directors. (1) A majority of the incorporators or initial directors of a corporation that has not issued shares or has not commenced business may dissolve the corporation by delivering to the secretary of state, for filing, articles of dissolution that set forth:

(a) the name of the corporation;

(b) the date of its incorporation;

(c) either that none of the corporation's shares have been issued or that the corporation has not commenced business;

(d) that any debt of the corporation does not remain unpaid;

(e) if shares were issued, that the net assets of the corporation remaining after winding up of the corporation's business and affairs have been distributed to the shareholders; and

(f) that a majority of the incorporators or initial directors authorized the dissolution.

(2) In addition to the requirements under this part, a domestic stock insurer shall comply with the provisions of Title 33, chapter 3, part 6. (Repealed effective June 1, 2020--secs. 269, 274, Ch. 271, L. 2019.)

History: En. Sec. 147, Ch. 368, L. 1991; amd. Sec. 9, Ch. 229, L. 1999; amd. Sec. 46, Ch. 151, L. 2017.

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