2016 Utah Code
Title 16 - Corporations
Chapter 6a - Utah Revised Nonprofit Corporation Act
Part 14 - Dissolution
Section 1418 - Dissolution upon expiration of period of duration.

16-6a-1418. Dissolution upon expiration of period of duration.

• (1) A nonprofit corporation shall be dissolved upon and by reason of the expiration of its period of duration, if any, stated in its articles of incorporation.

• (2) For purposes of this section:
  • (a) a provision in the articles of incorporation is considered a provision for a period of duration if it is to the effect that the nonprofit corporation or its existence shall be terminated:
    • (i) at a specified date;
    • (ii) after a stated period of time;
    • (iii) upon a contingency; or
    • (iv) any event similar to those described in Subsections (2)(a)(i) through (iii); and
  • (b) the following shall be considered to be the expiration of the nonprofit corporation's period of duration:
    • (i) the occurrence of the specified date;
    • (ii) the expiration of the stated period of time;
    • (iii) the occurrence of the contingency; or
    • (iv) the satisfaction of the provision described in Subsection (2)(a)(iv).

Enacted by Chapter 300, 2000 General Session