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Idaho Code § 30-29-1401

Dissolution by incorporators or initial directors

Known as the Idaho Business Corporation Act

The act spans §§ 30–30 (209 sections).

I.C., § 30-29 -1401, as added by 2015, ch. 243, § 69, p. 758; am. 2019, ch. 90, § 145, p. 220.

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:

(1) The name of the corporation;

(2) The date of its incorporation;

(3) Either: That none of the corporation’s shares has been issued; or

(4) That the corporation has not commenced business;

(5) That no debt of the corporation remains unpaid;

(6) That the net assets of the corporation remaining after winding up have been distributed to the shareholders, if shares were issued; and

(7) That a majority of the incorporators or initial directors authorized the dissolution.

Current official text: Idaho Statutes (Idaho Legislature). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Idaho statutes; confirm against the official source for the current text. Not legal advice.