Articles of Dissolution (Florida Not For Profit Corporation) is a legal document that is filed with the Florida Department of State to formally terminate an existing not-for-profit corporation in the state of Florida. This document must be signed by a majority of the members of the corporation, and must include the name of the corporation, the date of its dissolution, and a statement of dissolution. Once filed, the not-for-profit corporation will cease to exist and its assets will be liquidated and distributed in accordance with the laws of the state of Florida. There are two main types of Articles of Dissolution (Florida Not For Profit Corporation): voluntary and involuntary. Voluntary dissolution occurs when the members of the corporation choose to dissolve the corporation willingly and on their own accord. Involuntary dissolution occurs when the corporation is dissolved by the state due to the corporation's failure to comply with the Florida Not For Profit Corporation Act.
Articles of Dissolution (Florida Not For Profit Corporation)
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