Section 180.1401. Dissolution before issuance of shares.

 

(1)  The incorporators or the board of directors of a corporation that has not issued shares may authorize the dissolution of the corporation.

(2)  At any time after dissolution is authorized under sub. (1) , the corporation may dissolve by delivering to the department for filing articles of dissolution that include all of the following:

(a) The name of the corporation.

(b) The date of its incorporation.

(c) A statement that none of the corporation's shares has been issued.

(d) A statement that no debt of the corporation remains unpaid.

(e) A statement that the incorporators or the board of directors, specifying which, authorized the dissolution in accordance with this section.

(3)  A corporation is dissolved under this section on the effective date of its articles of dissolution.

1989 a. 303 ; 1995 a. 27 .