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§ 3-406. Articles of dissolution, contents where voluntary

West's Annotated Code of MarylandCorporations and Associations

West's Annotated Code of Maryland
Corporations and Associations
Title 3. Corporations in General--Extraordinary Actions (Refs & Annos)
Subtitle 4. Dissolution
MD Code, Corporations and Associations, § 3-406
§ 3-406. Articles of dissolution, contents where voluntary
Currentness
Contents
(a) In the case of voluntary dissolution, the articles of dissolution shall include:
(1) The name of the corporation and the address of its principal office;
(2) The name and address of a resident agent of the corporation who shall serve for one year after dissolution and until the affairs of the corporation are wound up;
(3) The name and address of each director of the corporation;
(4) The name, title, and address of each officer of the corporation;
(5) A statement that dissolution of the corporation was approved in the manner and by the vote required by law and by the charter of the corporation, and a statement of the manner of approval;
(6) A statement that notice of the approved dissolution was mailed to all known creditors of the corporation and the date of the mailing, or a statement that the corporation has no known creditors;
(7) All other provisions which the corporation considers necessary to dissolve; and
(8) A statement that the corporation is dissolved.
Execution of articles
(b)(1) If the dissolution is authorized under § 3-402 of this subtitle, a majority of the incorporators or a majority of the entire board of directors, as the case may be, shall execute articles of dissolution for the corporation in the manner required by Title 1 of this article.
(2) In all other cases, articles of dissolution shall be executed by the persons and in the manner required by Title 1 of this article.

Credits

Added by Acts 1975, c. 311, § 2, eff. July 1, 1975.
Formerly Art. 23, § 77.
MD Code, Corporations and Associations, § 3-406, MD CORP & ASSNS § 3-406
Current through legislation effective through April 9, 2023, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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