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Louisiana Revised Statutes Tit. 18, § 1491.2. Statement of dissolution

Current as of January 01, 2023 | Updated by Findlaw Staff

A. (1) Each committee which after having filed an annual statement of organization wishes to dissolve shall file a statement of dissolution with the supervisory committee prior to dissolving stating that the committee has determined either of the following:

(a) That it no longer meets the criteria set forth in R.S. 18:1491.1(A).

(b) That it will no longer receive any contributions, loans, or transfers of funds and will no longer make any expenditures, loans, or transfers of funds.

(2) No committee which has unpaid debts or obligations or which has any funds on hand shall file a statement of dissolution until any debts or obligations have been paid or otherwise extinguished and any funds have been expended or otherwise distributed.

(3) A statement of dissolution shall include the following:

(a) A certified statement by the committee chairman and treasurer, if any, that the committee has not received contributions, transfers of funds, or loans, or made expenditures, transfers of funds, or loans in the aggregate during the calendar year in excess of one thousand dollars and does not anticipate doing so, or that the committee will receive no contributions, transfers of funds, or loans and will make no expenditures, transfers of funds, or loans, during the remainder of the calendar year.

(b) A report of contributions and expenditures containing the information required in R.S. 18:1491.7.

B. No committee shall dissolve or file a statement of dissolution as provided in Subsection A of this Section and reorganize under a modified name, charter, or organizational structure as a subterfuge to avoid the reporting and other requirements of this Part. Any committee which dissolves or files a statement of dissolution as provided in Subsection A of this Section and is thereafter recreated with substantially the same membership and purposes with the intent to avoid the requirements of this Part, for purposes of this Part, shall be deemed not to have been dissolved and shall be subject to the provisions of this Part as if no dissolution had taken place and no statement of dissolution filed. In addition, any committee which violates the provisions of this Subsection shall be subject to the penalties provided in R.S. 18:1505.4, 1505.5, and 1505.6.

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Cite this article: FindLaw.com - Louisiana Revised Statutes Tit. 18, § 1491.2. Statement of dissolution - last updated January 01, 2023 | https://codes.findlaw.com/la/revised-statutes/la-rev-stat-tit-18-sect-1491-2/

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