Section 100. Any corporation may be voluntarily dissolved in the following manner:
(a) Dissolution may be authorized (1) by the vote of two thirds of each class of its stock outstanding and entitled to vote thereon; or (2) by compliance with provisions of its articles of organization.
(b) Within thirty days of the date of such authorization, notice that dissolution of the corporation has been duly authorized shall be mailed by the corporation to the commissioner of revenue.
(c) After the giving of such notice, articles of dissolution shall be submitted to the state secretary. Such articles shall be signed by the president or vice president and by the clerk or an assistant clerk under the penalties of perjury, and shall set forth:—
(1) the name of the corporation and the street address of the principal office in the commonwealth;
(2) The name and post office address of each of the directors and officers of the corporation;
(3) A statement that dissolution of the corporation was duly authorized in the manner required by this section, and of the date on which such action was taken;
(4) A statement that notice of the proposed dissolution of the corporation was duly given to the commissioner of revenue as required by this section.
(5) Any other provisions deemed necessary by the corporation for its dissolution; and
(6) The effective date of the dissolution.
(d) Such articles of dissolution shall constitute an amendment of the articles of organization, and the dissolution of the corporation shall become effective when said articles are filed with the state secretary in accordance with section six, unless said articles specify a later effective date not more than thirty days after such filing, in which event the dissolution shall become effective upon such later date, and upon such dissolution the existence of the corporation shall cease, subject to the provisions of sections one hundred and two, one hundred and four, and one hundred and eight.
(e) At any time before the filing of articles of dissolution the corporation may authorize the abandonment of the dissolution proceedings by the same corporate action with respect to such abandonment as is required by this section for the authorization of a dissolution.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.