RSA 564-F:20-2009 · Administrative Dissolution

564-F:20-2009 Administrative Dissolution. –

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(a)

The secretary of state may administratively dissolve a foundation if:

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(1)

For 2 consecutive years, the foundation does not pay the annual fee or any penalty imposed by this chapter or other law within 60 days after the fee or penalty is due;

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(2)

For 2 consecutive years, the foundation does not file its annual report with the secretary of state within 60 days after the annual report is due;

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(3)

For a period of 60 days or more, the foundation does not have a registered agent or a registered office;

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(4)

The foundation fails to file with the secretary of state:

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(A)

A notice of a change of its registered agent within 60 days after the change;

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(B)

A notice of a change of its registered office within 60 days after the change;

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(C)

A notice of its registered agent's resignation within 60 days after the resignation; or

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(D)

A notice of the discontinuance of its registered office within 60 days after the discontinuance; or

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(5)

The period of foundation's duration stated in its certificate of formation expires.

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(b)

The secretary of state may dissolve a foundation under subsection (a) by sending the following documents to the foundation at the foundation's registered office:

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(1)

A notice of administrative dissolution; and

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(2)

An application for reinstatement.

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(c)

The notice of administrative dissolution shall set forth:

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(1)

The grounds for dissolution; and

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(2)

The effective date of dissolution. Source. 2017, 257:47, eff. Oct. 1, 2017.

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