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RSA 564-F:20-2003 · Dissolution by Board of Directors

564-F:20-2003 Dissolution by Board of Directors. –

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(a)

Except as otherwise provided in the governing documents, the board of directors may dissolve a foundation by filing with the secretary of state a certificate of dissolution.

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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)

A statement that the board of directors authorized the dissolution; and

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(4)

A statement that a copy of the certificate of dissolution has been sent to the department of revenue.

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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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Source note

Source. 2017, 257:47, eff. Oct. 1, 2017.

Source history

  • 2017, 257:47, eff. Oct. 1, 2017