Georgia § 14-2-1401 - Dissolution by incorporators or initial directors.
Full text of Georgia Official Code of Georgia Annotated § 14-2-1401 — Dissolution by incorporators or initial directors., with citation guidance and answers to common questions.
§ 14-2-1401. 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: The name of the corporation; The date of its incorporation; Either that: None of the corporation's shares has been issued; or The corporation has not commenced business; That no debt of the corporation remains unpaid; That the net assets of the corporation remaining after winding up have been distributed to the shareholders, if shares were issued; and That a majority of the incorporators or initial directors authorized the dissolution. (Code 1981, § 14-2-1401 , enacted by Ga. L. 1988, p. 1070, § 1.) Law reviews. - For article, "Comparison of Features of Old and New Business Corporation Laws Relating to Domestic Corporations," see 5 Ga. St. B. J. 13 (1968).
Frequently Asked Questions About Georgia § 14-2-1401
What does Official Code of Georgia Annotated § 14-2-1401 cover?
Section 14-2-1401 ("Dissolution by incorporators or initial directors.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 14-2-1401?
A common citation format is "Official Code of Georgia Annotated § 14-2-1401" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 14-2-1401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.