Sec. 21. Any corporation created under this chapter may be dissolved by filing in the office of the secretary of state articles of dissolution which shall be entitled and indorsed "Articles of dissolution of ____________" (the blank space being filled in with the name of the corporation) and shall state:
(a) Name of the corporation and, if such corporation is a corporation resulting from a consolidation as provided in this chapter, the names of the original corporations.
(b) The date of filing of the articles of incorporation in the office of secretary of state and, if such corporation is a corporation resulting from a consolidation as provided in this chapter, the dates on which the articles of incorporation of the original corporations were filed in the office of secretary of state.
(c) That the corporation elects to dissolve.
(d) The name and post office address of each of its directors, and the name, title, and post office address of each of its officers.
Such articles shall be subscribed and acknowledged in the same manner as original articles of incorporation by the president or vice president and the secretary or an assistant secretary, who shall make and annex an affidavit stating that they have been authorized to execute and file such articles by a resolution duly adopted by the members of each corporation at meetings thereof duly called and held as provided in section 8 of this chapter. Articles of dissolution and/or a certified copy or copies thereof shall be filed in the same places as original articles of incorporation and thereupon the corporation shall be deemed to be dissolved. Such corporation shall continue for the purpose of paying, satisfying, and discharging any existing liabilities or obligations and collecting or liquidating its assets, and doing all other acts required to adjust and wind up its business and affairs, and may sue and be sued, in its corporate name. Any assets remaining after all liabilities or obligations of the corporation have been satisfied or discharged shall pass to and become the property of the state.
Formerly: Acts 1935, c.175, s.19; Acts 1937, c.258, s.11. As amended by P.L.59-1984, SEC.68.
Structure Indiana Code
Title 8. Utilities and Transportation
Article 1. Utilities Generally
Chapter 13. Rural Electric Membership Corporation Act
8-1-13-2. Incorporation; Purpose
8-1-13-4. Articles of Incorporation
8-1-13-5. Articles of Incorporation; Action by Commission
8-1-13-7. Board of Directors; Powers and Duties
8-1-13-8. Membership Certificates; Meetings of Members
8-1-13-9. Conditions of Membership; Restrictions to Providing Services
8-1-13-10. Powers of Corporation
8-1-13-11. Enumerated Powers of Corporation
8-1-13-12. Sale, Encumbrance, or Other Disposition of Property
8-1-13-13. Obligations in Anticipation of Revenue; Authority to Issue
8-1-13-14. Obligations; Covenants or Agreements
8-1-13-15. Purchase; Own Obligations
8-1-13-16. Consolidation or Merger; Mutual Benefit Corporations
8-1-13-17. Services, Facilities, and Charges; Sinking Fund; Rea Borrowers
8-1-13-18. Rates and Charges; Jurisdiction and Powers of Commission
8-1-13-18.5. Withdrawal From Jurisdiction of Commission
8-1-13-21. Dissolution of Corporation
8-1-13-22. Articles of Incorporation; Amendment; Change of Name; Change of Territory
8-1-13-24. Commission Decisions or Orders; Appeal
8-1-13-25. Construction of Chapter
8-1-13-27. Liability of Members and Directors
8-1-13-28. Rules; Customer Relations; Adoption; Complaints; Procedures
8-1-13-29. Rates, Tolls, and Charges; Schedules; Filing; Approval
8-1-13-32. Investigations; Agents; Powers; Recommendations
8-1-13-33. Uniform Accounts; Requisites
8-1-13-34. Furnishing of Information; Requirement
8-1-13-35. Blank Forms Received; Verification; Delivery of Documents, Books, and Papers
8-1-13-37. Investigation by Commission on Its Own Motion; Rates, Service, or Territory
8-1-13-40. Subpoena Power of Commissioners and Authorized Agents; Enforcement
8-1-13-41. Violations of Chapter; Findings; Just and Reasonable Orders to Be Made
8-1-13-42. Rules; Adoption; Prior Rules Validated
8-1-13-43. Maximum Borrowing and Expenditures for Economic Development