2025 Session Last amended: 1989 session

§ 317A.701 — Methods of Dissolution

Lists the ways a nonprofit can be dissolved: voluntarily or by court order.

317A.701 METHODS OF DISSOLUTION.

(a) Subject to section 317A.811, a corporation may be dissolved:

(1) by the incorporators under section 317A.711;

(2) by the board and members with voting rights under sections 317A.721 to 317A.733; or

(3) by order of a court under sections 317A.741 to 317A.765.

(b) A corporation also may be dissolved by the secretary of state under section 317A.827.

History: History:

  1989 c 304 s 94

Practical Notes

A nonprofit can dissolve voluntarily or be dissolved by a court.