Utah § 16-6a-1401 Dissolution by incorporators or directors if no members.

Utah Statutes

§ 16-6a-1401 — Dissolution by incorporators or directors if no members.

Utah·Title 16 Corporations·Ch. 16-6a Utah Revised Nonprofit Corporation Act·Part 16-6a-14 Dissolution

(1)If a nonprofit corporation has no members, the following may authorize the dissolution of the nonprofit corporation:

(1)(a) a majority of its directors; or

(1)(b) if it has no directors, a majority of its incorporators.

(2)The directors or incorporators in approving dissolution shall adopt a plan of dissolution indicating to whom the assets owned or held by the nonprofit corporation will be distributed after all creditors have been paid.

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(1) If a nonprofit corporation has no members, the following may authorize the dissolution of the nonprofit corporation:

(1)(a) a majority of its directors; or
(1)(b) if it has no directors, a majority of its incorporators.
(2) The directors or incorporators in approving dissolution shall adopt a plan of dissolution indicating to whom the assets owned or held by the nonprofit corporation will be distributed after all creditors have been paid.

Utah § 16-6a-1401 (Dissolution by incorporators or directors if no members.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.