The North Carolina Articles of Merger Nonprofit Corporation Hospital Authority is a type of agreement between a nonprofit hospital and a hospital authority. This document is used to merge the two entities into one, and outlines the terms and conditions of the merger. The document outlines the duties and responsibilities of the hospital authority and the nonprofit hospital, as well as the transfer of assets and liabilities to the new entity. It also states the terms of the merger, including the date of the merger, the name of the new entity, and the effective date. There are two types of North Carolina Articles of Merger Nonprofit Corporation Hospital Authority: a standard merger and a voluntary merger. A standard merger is when the nonprofit hospital and the hospital authority mutually agree to merge, while a voluntary merger is when one entity has the power to merge the two entities without the other's consent.
North Carolina Articles of Merger Nonprofit Corporation Hospital Authority
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Complete Schedule N (Form 990 or 990-EZ), Liquidation, Termination, Dissolution or Significant Disposition of Assets. Include a description of the assets and any transaction fees, the date of distribution, the fair market value of the assets and information about the recipients of the assets.
To dissolve your nonprofit, you will need a plan of dissolution. At a minimum, the plan must provide that all of your nonprofit's liabilities and obligations are to be paid and discharged, or otherwise adequately provided for, and also provide for the proper distribution of any remaining assets.
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This means that in the dissolution process your nonprofit cannot give any of its property away to individuals, including board members, other volunteers, employees, or those served.
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