(1) If after a hearing the court determines that one or more grounds for judicial dissolution described in section 7-134-301 exist, it may enter a decree dissolving the nonprofit corporation and stating the effective date of the dissolution, and the clerk of the court shall deliver a certified copy of the decree to the secretary of state for filing pursuant to part 3 of article 90 of this title.
After entering the decree of dissolution, the court shall direct the winding up andliquidation of the nonprofit corporation's activities in accordance with section 7-134-105 and the giving of notice to claimants in accordance with sections 7-90-911 and 7-90-912.
The court's order or decision may be appealed as in other civil proceedings.
Source: L. 97: Entire article added, p. 731, § 3, effective July 1, 1998. L. 2003: (1) and (2) amended, p. 2350, § 330, effective July 1, 2004. L. 2004: (2) amended, p. 1515, § 310, effective July 1. L. 2006: (2) amended, p. 883, § 84, effective July 1.