Idaho Statutes

Idaho Statutes are updated to the web July 1 following the legislative session.

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TITLE 30
CORPORATIONS
CHAPTER 29
GENERAL BUSINESS CORPORATIONS
PART 14
DISSOLUTION
30-29-1401.  DISSOLUTION BY INCORPORATORS OR INITIAL DIRECTORS. 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:
(1)  That none of the corporation’s shares has been issued; or
(2)  That the corporation has not commenced business;
(d)  That no debt of the corporation remains unpaid;
(e)  That the net assets of the corporation remaining after winding up have been distributed to the shareholders, if shares were issued; and
(f)  That a majority of the incorporators or initial directors authorized the dissolution.

History:
[30-29-1401, added 2015, ch. 243, sec. 69, p. 956; am. 2019, ch. 90, sec. 145, p. 319.]


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