Delaware § 1909 Disposition of personal property of inactive nonprofit association

Delaware Statutes

§ 1909 — Disposition of personal property of inactive nonprofit association

Delaware·Title 6·Ch. 19 DELAWARE UNIFORM UNIN- CORPORATED NONPROFIT ASSOCIATION ACT

If a nonprofit association has been inactive for 3 years or longer, a person in possession or control of personal property of the nonprofit association may transfer the property:

(1)If a document of a nonprofit association specifies a person to whom transfer is to be made under these circumstances, to that person; or

(2)If no person is so specified, to a nonprofit association or nonprofit corporation pursuing broadly similar purposes or to a government or governmental subdivision, agency or instrumentality.

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If a nonprofit association has been inactive for 3 years or longer, a person in possession or control of personal property of the nonprofit association may transfer the property:

(1) If a document of a nonprofit association specifies a person to whom transfer is to be made under these circumstances, to that person; or

(2) If no person is so specified, to a nonprofit association or nonprofit corporation pursuing broadly similar purposes or to a government or governmental subdivision, agency or instrumentality.

Delaware § 1909 (Disposition of personal property of inactive nonprofit association) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.