The Utah Application of Dissolution (Prior to Issuance of Shares) is a legal document that is required by the state of Utah for the dissolution of a business prior to the issuance of shares. This document is completed by the directors of the business and is filed with the Utah Department of Commerce. The application includes details such as the name of the business, its registered address, the names of the directors, and a list of the assets and liabilities of the business. The application must also include a statement that all debts and obligations of the business have been settled and that all assets and liabilities have been distributed in accordance with the provisions of the Utah Business Corporation Act. There are two types of Utah Application of Dissolution (Prior to Issuance of Shares): voluntary dissolution and involuntary dissolution. Voluntary dissolution is initiated by the shareholders and directors of the business, and involuntary dissolution is initiated by a court order.