Distribution Upon Termination.

Checkout our iOS App for a better way to browser and research.

17-30-906. Distribution upon termination.

Upon the occurrence of an event terminating a statutory foundation, including forfeiture under this section, the board of directors shall proceed expeditiously to distribute the property of the foundation as provided in the articles of formation or the operating agreement of the foundation.


Download our app to see the most-to-date content.