Dissolution by incorporators or directors if no members.

Utah Code § 16-6a-1401, under Part 16-6a-14: Dissolution.

Utah Code § 16-6a-1401

16-6a-1401. Dissolution by incorporators or directors if no members.

(1) If a nonprofit corporation has no members, the following may authorize the dissolution of the nonprofit corporation: a majority of its directors; or if it has no directors, a majority of its incorporators.

(2) The directors or incorporators in approving dissolution shall adopt a plan of dissolution indicating to whom the assets owned or held by the nonprofit corporation will be distributed after all creditors have been paid.