17-16-1401. Dissolution by incorporators or initial directors.
(a) 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:
(i) The name of the corporation;
(ii) The date of its incorporation;
(iii) Either:
(A) That none of the corporation's shares has been issued; or
(B) That the corporation has not commenced business.
(iv) That no debt of the corporation remains unpaid;
(v) That the net assets of the corporation remaining after winding up have been distributed to the shareholders, if shares were issued; and
(vi) That a majority of the incorporators or initial directors authorized the dissolution.
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