Full text of Utah Utah Code § 6a-1405 — Effect of dissolution., with citation guidance and answers to common questions.
§ 6a-1405. Effect of dissolution.
Effective 7/1/2024 16-6a-1405.
Effect of dissolution.
(1)
A dissolved nonprofit corporation continues its corporate existence but may not carry on any activities except as is appropriate to wind up and liquidate its affairs, including:
(a)
collecting its assets;
(b)
returning, transferring, or conveying assets held by the nonprofit corporation upon a condition requiring return, transfer, or conveyance, which condition occurs by reason of the dissolution, in accordance with the condition;
(c)
transferring, subject to any contractual or legal requirements, its assets as provided in or authorized by its articles of incorporation or bylaws;
(d)
discharging or making provision for discharging its liabilities; and
(e)
doing every other act necessary to wind up and liquidate its assets and affairs.
(2)
Dissolution of a nonprofit corporation does not:
(a)
transfer title to the nonprofit corporation's property including title to water rights, water conveyance facilities, or other assets of a nonprofit corporation organized to divert or distribute water to its members;
(b)
subject its directors or officers to standards of conduct different from those prescribed in this chapter;
(c)
change quorum or voting requirements for its board of directors or members;
(d)
change provisions for selection, resignation, or removal of its directors or officers, or both;
(e)
change provisions for amending its bylaws or its articles of incorporation;
(f)
prevent commencement of a proceeding by or against the nonprofit corporation in its corporate name; or
(g)
abate or suspend a proceeding pending by or against the nonprofit corporation on the effective date of dissolution.
(3)
Nothing in this section may be applied in a manner inconsistent with a court's power of judicial dissolution exercised in accordance with Section 16-6a-1414.
Section 6a-1405 ("Effect of dissolution.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 6a-1405?
A common citation format is "Utah Code § 6a-1405" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 6a-1405 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
