Legal Question in Business Law in New York

Can a NYS 501c3 non for profit Board meet and vote to dissolve the corporation? Our organization's by-laws give the Board the sole power to make policy. These by-laws were approved by the State of NY.


Asked on 9/22/13, 5:36 am

1 Answer from Attorneys
Jason Medlin NA

An official meeting with vote of 2/3 of the board is the basic process. NPC Article 10 describes the Non-Judicial Dissolution process for a Not for Profit as well as what steps/voting rules are required to authorize and certify the dissolution. You can find those sections at the link below.

http://public.leginfo.state.ny.us/LAWSSEAF.cgi?QUERYTYPE=LAWS+&QUERYDATA;=$$NPC1002$$@TXNPC01002+&LIST=LAW+&BROWSER=EXPLORER+&TOKEN=52832607+&TARGET=VIEW

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Answered on 9/23/13, 1:59 pm


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