Alabama Domestic Nonprofit Corporation Articles of Dissolution are legal documents that are used to dissolve a nonprofit corporation in the state of Alabama. This document is filed with the Alabama Secretary of State, and it officially dissolves the nonprofit corporation and ends its corporate existence. Depending on the reasons for dissolution, there are two types of Alabama Domestic Nonprofit Corporation Articles of Dissolution: voluntary dissolution and administrative dissolution. Voluntary dissolution is initiated by the nonprofit corporation's board of directors and requires approval of a majority of members. This type of dissolution is typically used when the nonprofit corporation has completed its purpose or is no longer in compliance with Alabama law. The Articles of Dissolution must include the name of the nonprofit corporation, the date of its filing, the corporate address, the date of dissolution, the names and addresses of the directors, and a statement of intent to dissolve. Administrative dissolution is initiated by the Alabama Secretary of State when a nonprofit corporation fails to file its annual reports or pay its annual fees. The Articles of Dissolution for this type of dissolution must include the name of the nonprofit corporation, the date of its filing, and the date of dissolution.
Alabama Domestic Nonprofit Corporation Articles of Dissolution
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How to fill out Alabama Domestic Nonprofit Corporation Articles Of Dissolution?
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