Certificate Of Election-Stock-Certificate Of Dissolution-Stock {ELEC STK DISS STK}

ELEC STK, DISS STK - CERTIFICATE OF ELECTION TO WIND UP AND DISSOLVE (CALIFORNIA STOCK CORPORATION ONLY). Statutory filing provisions are found in California Corporations Code section 1901. All statutory references are to the California Corporations Code, unless otherwise stated. • The Certificate of Election to Wind Up and Dissolve is required when (1) the election to dissolve was made by the vote of less than 100 percent of the outstanding shares or (2) no shares have been issued. To complete the dissolution process the corporation must also file a Certificate of Dissolution pursuant to Section 1905. Note: The corporation will not be completely dissolved until the Certificate of Dissolution is filed. • The Certificate of Election to Wind Up and Dissolve is not required when (1) the election to dissolve is made by the vote of all the outstanding shares and a statement to that effect is included in the Certificate of Dissolution pursuant to Section 1905 or (2) the corporation files a Short Form Certificate of Dissolution pursuant to Section 1900.5. • It is recommended that legal counsel be consulted prior to submitting dissolution documents to ensure that all issues are appropriately addressed. www.FormsWorkflow.com