Example Of Corporate Resolution To Dissolve In Montgomery
Description
Form popularity
FAQ
A corporation consists of shareholders, a board of directors, and officers. When you form a corporation, you must organize the owners and managers—give them responsibilities and rights—ing to the rules laid out in your state's corporation laws.
Voluntary. In Arizona, there are three ways a nonprofit corporation can be dissolved: voluntarily, administratively, and judicially.
To comply with corporation formalities, the board of directors should draft and approve the resolution to dissolve. Shareholders then vote on the director-approved resolution. Both actions should be documented and placed in the corporate record book.
Just as you would file articles of incorporation to start your corporate entity and to bring it into existence, you must also file articles of dissolution (also known as a certificate of dissolution) to notify the state that you are terminating or dissolving the corporation.
Complete Articles of Dissolutions Form based on the entity type. Follow the instructions on the form pertaining to the type of entity you are dissolving. Provide any missing returns and payments as determined by ADOR staff, if found not to be in compliance to ADOR.
At any time, the board, by three-quarters vote, may dissolve the corporation by having three-quarters of its directors file with the Secretary of State an application for dissolution, which shall be sworn to by each signatory thereto by an officer authorized to take acknowledgments to deeds.
