§ 564-f-20-2002

564-F:20-2002 Dissolution by Founder. – (a) Except as otherwise provided in the governing documents, a founder may dissolve a foundation by filing with the secretary of state a certificate of dissolution. (b) The certificate of dissolution shall set forth: (1) The foundation's name; (2) The date on which the dissolution was authorized; and (3) A statement that the founder authorized the dissolution. (c) A foundation's dissolution is effective upon filing the certificate of dissolution. Source. 2017, 257:47, eff. Oct. 1, 2017.