Section 30-27-128 - WINDING UP AND TERMINATIONWinding up and termination of an unincorporated nonprofit association must proceed in accordance with the following rules:
(1) All known debts and liabilities must be paid or adequately provided for.(2) Any property subject to a condition requiring return to the person designated by the donor must be transferred to that person.(3) Any property subject to a trust must be distributed in accordance with the trust agreement.(4) Any remaining property must be distributed as follows:(A) As required by law other than this chapter that requires assets of an association to be distributed to another person with similar nonprofit purposes;(B) In accordance with the association's governing principles or in the absence of applicable governing principles, to the members of the association per capita or as the members direct; or(C) If neither paragraph (A) nor (B) of this subsection apply, as provided in chapter 5, title 14, Idaho Code.[30-27-128, added 2015, ch. 243, sec. 53, p. 900.]Added by 2015 Session Laws, ch. 243,sec. 53, eff. 7/1/2015.