Dissolution by Incorporators or Directors.
Ala. Code § 10A-3A-11.01
in effect10A-3A-11.01. Dissolution by Incorporators or Directors.
A majority of the incorporators or initial directors of a nonprofit corporation that has not commenced activity may dissolve the nonprofit corporation by delivering to the Secretary of State for filing a certificate of dissolution that sets forth:
(1) the name of the nonprofit corporation;
(2) the date of its incorporation;
(3) that the nonprofit corporation has not commenced activity;
(4) that no debt of the nonprofit corporation remains unpaid;
(5) that the net assets of the nonprofit corporation remaining after winding up have been distributed;
(6) that a majority of the incorporators or directors authorized the dissolution; and
(7) the unique identifying number or other designation as assigned by the Secretary of State.
(Act 2023-503, §1.)
Source: Alabama Legislature (alison.legislature.state.al.us)URL: https://alison.legislature.state.al.us/code-of-alabama#10A-3A-11.01Fetched: 10/20/2026