Utah Code § 16-6a-1401

Current with legislation effective through 5/2/2024
Section 16-6a-1401 - Dissolution by incorporators or directors if no members
(1) If a nonprofit corporation has no members, the following may authorize the dissolution of the nonprofit corporation:
(a) a majority of its directors; or
(b) if it has no directors, a majority of its incorporators.
(2) The directors or incorporators in approving dissolution shall adopt a plan of dissolution indicating to whom the assets owned or held by the nonprofit corporation will be distributed after all creditors have been paid.

Utah Code § 16-6a-1401

Enacted by Chapter 300, 2000 General Session.