Utah Code § 16-6a-1401
Dissolution by incorporators or directors if no members
Utah · Utah Code Title 16 — Business Entities · Status: effective
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- Citation
- Utah Code § 16-6a-1401, Dissolution by incorporators or directors if no members, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2327989
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Full text
(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.