The Texas Certificate of Termination Of A Nonprofit Corporation Or Cooperative Association is a document issued by the Texas Secretary of State that officially terminates the legal existence of a nonprofit corporation or a cooperative association registered in Texas. It is also known as a Certificate of Dissolution, Certificate of Surrender, or Certificate of Cancellation. The certificate must be signed and filed by the officers of the organization, the president, the secretary, and the treasurer. The document must include the name of the organization, the date and place of its incorporation, the date on which the dissolution was adopted, the name and address of the registered agent, the date on which the dissolution became effective, and the name and address of the person filing the document. There are two types of Texas Certificate of Termination Of A Nonprofit Corporation Or Cooperative Association: voluntary and involuntary. A voluntary termination is usually done when the nonprofit or cooperative organization has completed its purpose and is no longer needed. The directors of the organization must pass a resolution to dissolve and file the certificate with the Texas Secretary of State. An involuntary termination is done when the nonprofit or cooperative organization does not comply with the laws and regulations of the state or when it fails to pay taxes, fees, or other debts. The Secretary of State will then file a Certificate of Termination Of A Nonprofit Corporation Or Cooperative Association.
Texas Certificate of Termination Of A Nonprofit Corporation Or Cooperative Association
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How to fill out Texas Certificate Of Termination Of A Nonprofit Corporation Or Cooperative Association?
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FAQ
Submit Form 05-305, Certificate of Account Status to Terminate Texas Registration, once you receive it from the Comptroller's office.
The entity must: Take the necessary internal steps to wind up its affairs.Submit two signed copies of the certificate of termination.Unless the entity is a nonprofit corporation, attach a Certificate of Account Status for Dissolution/Termination issued by the Texas Comptroller.Pay the appropriate filing fee.
Attachment Screen ? Certificate of Account Status: A certificate of termination must be accompanied by a certificate of account status from the Comptroller of Public Accounts indicating that all taxes under Title 2 of the Tax Code have been paid and that the entity is in good standing for the purpose of dissolution/
Generally, a charitable nonprofit corporation seeking to dissolve or terminate must vote to do so, pay all debts, distribute any remaining assets to a charity with the same or similar charitable purpose ing to a plan of distribution, and file a certificate of termination with the Texas Secretary of State.
Generally, a charitable nonprofit corporation seeking to dissolve or terminate must vote to do so, pay all debts, distribute any remaining assets to a charity with the same or similar charitable purpose ing to a plan of distribution, and file a certificate of termination with the Texas Secretary of State.
Form 652?General Information (Certificate of Termination of a Domestic Nonprofit Corporation or Cooperative Association)