RSA 564-F:20-2001 · Dissolution by Organizers or Initial Directors

564-F:20-2001 Dissolution by Organizers or Initial Directors. –

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(a)

If the foundation has not received its initial capital contribution, then the following persons may dissolve a foundation by filing with the secretary of state a certificate of dissolution:

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(1)

A majority of the organizers; or

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(2)

A majority of the initial directors.

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(b)

The certificate of dissolution shall set forth:

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(1)

The foundation's name;

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(2)

The date on which the dissolution was authorized;

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(3)

If a majority of organizers have authorized the dissolution, a statement that a majority of the organizers authorized the dissolution;

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(4)

If a majority of initial directors have authorized the dissolution, a statement that a majority of the initial directors authorized the dissolution; and

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(5)

A statement that the foundation has not received its initial capital contribution.

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(c)

A foundation's dissolution is effective upon filing the certificate of dissolution. Source. 2017, 257:47, eff. Oct. 1, 2017.

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