United States — Maine Act or statute

United States — Maine legislation

Maine Revised Statutes, Title 13-C, § 1401: Dissolution by incorporators or initial directors, 2001

A majority of the incorporators or initial directors may dissolve an unissued-share, not-yet-begun corporation by filing articles of dissolution with the Secretary of State.

corporate dissolutionfiling requirements

Professional statute overview

Enactment structure, operative effect and source provenance

Official source

01

Purpose and legislative effect

“A majority of the incorporators or initial directors may dissolve an unissued-share, not-yet-begun corporation by filing articles of dissolution with the Secretary of State.”

Use this record to locate individual provisions, understand the instrument’s recorded structure, and move from a research summary to the exact source text.

02

How the instrument operates

  1. 01

    Start with the recorded version

    Enacted 2001 · Source version 1 Oct 2025. The date shown identifies this source expression and should not be treated as proof that no later change exists.

  2. 02

    Locate the controlling provision

    Use the provision map, part headings and full-text filter to move from the broad subject to the exact legal language.

  3. 03

    Read conditions and exceptions together

    Keep subsections, definitions, provisos and cross-references in context before drawing a legal conclusion.

  4. 04

    Verify currency and official wording

    Confirm later legislation, commencement notices and corrections with the official publisher before advice, filing or reliance.

03

Research entry points

Selected provisions across the instrument. Open any row to continue with the exact stored text.

04

Source and current-law status

Source record view

Source record from legislature.maine.gov · Enacted 2001 · Source version 1 Oct 2025

Verify current force

The source record does not state a definitive current-law status. Check the official publisher and later amendments before relying on this text.

Source-indexed provision map

Sections and provisions

Search by section, heading, part or exact legal wording. Every result remains linked to the stored source record.

Showing 1 of 1 provisions

Commencement
§ 1401Dissolution by incorporators or initial directorsCommencement

A majority of the incorporators or initial directors may dissolve an unissued-share, not-yet-begun corporation by filing articles of dissolution with the Secretary of State.

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: [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 1. Name. The name of the corporation; [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 2. Date. The date of incorporation; [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 3. Shares. That none of the corporation's shares have been issued or that the corporation has not commenced business; [PL 2001, c. 640, Pt. A, §2 (NEW); PL 2001, c. 640, Pt. B, §7 (AFF).] 4. Debt. That no debt of the corporation remains unpaid, including the filing of the annual report as required by section 1621; [PL 2003, c. 344, Pt. B, §108 (AMD).] 5. Net assets. That, if shares were issued, the net assets of the corporation remaining after winding up have been distributed to the shareholders; [PL 2003, c. 344, Pt. B, §108 (AMD).] 6. Authorization of dissolution. That a majority of the incorporators or initial directors authorized the dissolution; [PL 2003, c. 344, Pt. B, §108 (AMD).] 7. Date authorized. The date dissolution was authorized; and [PL 2003, c. 344, Pt. B, §109 (NEW).] 8. Effective date. The effective date of the dissolution. A corporation is dissolved upon the effective date of its articles of dissolution. [PL 2003, c. 344, Pt. B, §109 (NEW).]
Section 1401Verify source

Legislative relationships

0 referenced instruments

Names are derived from the stored provision headings and citation-enrichment layer. Treat this as a research index and verify each relationship against the source text.

No structured legislative relationships were detected

The statute remains fully searchable by provision. Consult the source text for amendments and cross-references that have not yet been indexed.

Recorded versions and source checkpoint

1 version available in this collection

Current-law checkpoint
  • 1 Oct 2025 · currentEnglish

Source-linked research

Ask AI about this statute

The overview, provisions, and source records above are public. Continue in a separate conversation with this statute’s jurisdiction and source version attached.

About this LexChat collection

Statute information is organised from identified legislative sources for professional research. Corrections can be reported to hello@esheria.ai.