§ 17-22-109 — Disposition of personal property of inactive nonprofit association

(a) If a nonprofit association has been inactive for three
(3) years or longer, a person in possession or control of
personal property of the nonprofit association may transfer the
property:
(i) If a nonprofit association document specifies a
person to whom transfer is to be made under these circumstances,
to that person; or
(ii) If no person is so specified, to a nonprofit
association or nonprofit corporation pursuing broadly similar
purposes, or governmental agency.