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Ala. Code § 10A-3A-11.01

Dissolution by Incorporators or Directors.

Known as the Alabama Business and Nonprofit Entity Code

The act spans §§ 10A-1-1.01 to 10A-9A-9.09 (1,341 sections).

(Act 2023-503, §1.)

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;

(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.

Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.