RSA 564-F:20-2010 · Effects of Administrative Dissolution

564-F:20-2010 Effects of Administrative Dissolution. –

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(a)

A foundation that is administratively dissolved continues its existence as a legal entity but may not engage in any activities except to the extent necessary or appropriate to wind up its affairs in accordance with RSA 564-F:20-2005 to RSA 564-F:20-2008.

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(b)

A foundation's administrative dissolution does not terminate the authority of the foundation's registered agent.

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(c)

For a period of 120 days after the date of mailing of a notice of administrative dissolution under RSA 564-F:20-2009(b) and subject to subsection (d), the secretary of state shall not permit any person to use or reserve:

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(1)

A name that is the same as or similar to the name of a foundation that was administratively dissolved under RSA 564-F:20-2009; or

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(2)

A trade name registered by the limited liability company under RSA 349.

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(d)

The secretary of state may permit a person to use or reserve a name described in subsection (c)(1) or (c)(2) if the dissolved foundation consents to the use or reservation of that name. Source. 2017, 257:47, eff. Oct. 1, 2017.

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