Canon Law

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nonprofit [2019/04/09 09:48]
amycsj
nonprofit [2019/06/13 12:02] (current)
amycsj [Dissolution]
Line 457: Line 457:
  
 ===== Dissolution ===== ===== Dissolution =====
-  * To meet and/or extinguish all outstanding claims against the organization +  * Meet and/or extinguish all outstanding claims against the organization 
-  * Articles of Dissolution to Secretary of State+  * Send Articles of Dissolution to Secretary of State
     * Required approval: Directors     * Required approval: Directors
-      * Higher standards may be found in the Articles or Bylaws +      * Higher standards ​for approval ​may be found in the Articles or Bylaws 
-  * Notice to Attorney General+  * Send Notice to Attorney General
     * Notice of who received assets of the Nonprofit     * Notice of who received assets of the Nonprofit
     * Retain enough to pay any outstanding debts and professional fee     * Retain enough to pay any outstanding debts and professional fee
-  * Notices to claimants+  * Send Notices to claimants
     * Mail notice to known claimants     * Mail notice to known claimants
     * Publish notice for unknown claimants     * Publish notice for unknown claimants
   * Obtain Tax Clearance Letter from Dept of Revenue   * Obtain Tax Clearance Letter from Dept of Revenue
-  * Articles of Termination to Secretary of State+  * Send Articles of Termination to Secretary of State
     * Mail with Tax Clearance Letter     * Mail with Tax Clearance Letter
     * Once all business is complete     * Once all business is complete
nonprofit.txt · Last modified: 2019/06/13 12:02 by amycsj