Maine Articles of Charter Surrender Upon Nonprofit Conversion is a legal document required when a nonprofit corporation in Maine opts to dissolve its charter in order to convert to a for-profit business. It is also known as a Form-5. The document must be signed by the corporation's board of directors and filed with the Maine Secretary of State. The Articles of Charter Surrender must include the name of the corporation, the date of its formation, the date of its dissolution, and the names of the corporate officers involved in the conversion process. The document also states the reason for the conversion and certifies that all debts and liabilities of the nonprofit have been settled. There are two types of Maine Articles of Charter Surrender Upon Nonprofit Conversion: a Short Form and a Long Form. The Short Form is used for corporations with fewer than twenty members or fewer than $50,000 in assets, while the Long Form is used for larger corporations.
Maine Articles of Charter Surrender Upon Nonprofit Conversion
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How to fill out Maine Articles Of Charter Surrender Upon Nonprofit Conversion?
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