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4-28-628. Dissolution.
Arkansas Code — all titles (historical 2020) · legal_authorities
4-28-628. Dissolution.
(a) An unincorporated nonprofit association may be dissolved as follows:
(1) if the governing principles provide a time or method for dissolution, at that time or by that method;
(2) if the governing principles do not provide a time or method for dissolution, upon approval by the members;
(3) if no member can be located and the association's operations have been discontinued for at least three years, by the managers or, if the association has no current manager, by its last manager;
(4) by court order; or
(5) under law other than this subchapter.
(b) After dissolution, an unincorporated nonprofit association continues in existence until its activities have been wound up and it is terminated pursuant to § 4-28-629.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-28-628
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. A text match is a research starting point; applicability is not established.
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Record provenance
Stable record: arkansas_code:legal_authorities:4-28-628
Source file: gov.ar.code.title.04.odt
Pages: Not recorded – Not recorded
Passage SHA-256: 956297f6cc2865978fbf28eaaf5e5a9bdec038771028301a5277bcbbfe85cd81
Source location: content.xml paragraph 19560
Stored source content
4-28-628. Dissolution.
(a) An unincorporated nonprofit association may be dissolved as follows:
(1) if the governing principles provide a time or method for dissolution, at that time or by that method;
(2) if the governing principles do not provide a time or method for dissolution, upon approval by the members;
(3) if no member can be located and the association's operations have been discontinued for at least three years, by the managers or, if the association has no current manager, by its last manager;
(4) by court order; or
(5) under law other than this subchapter.
(b) After dissolution, an unincorporated nonprofit association continues in existence until its activities have been wound up and it is terminated pursuant to § 4-28-629.
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Arkansas Code — all titles (historical 2020) · legal_authorities
4-28-629. Winding up and termination.
Winding up and termination of an unincorporated nonprofit association must proceed in accordance with the following rules:
(1) All known debts and liabilities must be paid or adequately provided for.
(2) Any property subject to a condition requiring return to the person designated by the donor must be transferred to that person.
(3) Any property subject to a trust must be distributed in accordance with the trust agreement.
(4) Any remaining property must be distributed as follows:
(A) as required by law other than this subchapter that requires assets of an association to be distributed to another person with similar nonprofit purposes;
(B) in accordance with the association's governing principles or in the absence of applicable governing principles, to the members of the association per capita or as the members direct; or
(C) if neither subparagraph (A) nor (B) applies, under the Unclaimed Property Act, § 18-28-201 et seq.
Source: Arkansas Code — historical release 78 (November 6, 2020) · 4-28-629
Stored review status: Historical 2020-11-06 source release; later amendments not reconciled; machine-extracted, not independently legally reviewed; source heading status: text_in_historical_source. The source passage cites 4-28-629. This identifies an authority to review, not proof of applicability.