PARt XIII. DISSOLUTION

[§414D-241] Dissolution by incorporators, directors, and third persons. (a) A majority of the incorporators or directors of a corporation that has no members, subject to any approval required by the articles or bylaws, may dissolve the corporation by delivering to the department director articles of dissolution.

(b) The corporation shall give notice of any meeting at which dissolution will be approved. The notice shall be in accordance with section 414D-145(c). The notice must also state that the purpose, or one of the purposes, of the meeting is to consider dissolution of the corporation.

(c) The incorporators or directors in approving dissolution shall adopt a plan of dissolution indicating to whom the assets owned or held by the corporation will be distributed after all creditors have been paid. [L 2001, c 105, pt of §1]

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