North Carolina General Statutes Chapter 59B. Uniform Unincorporated Nonprofit Association Act § 59B-10. Disposition of personal property of inactive nonprofit association
Current as of January 01, 2020 | Updated by FindLaw Staff
Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
If a nonprofit association has been inactive for three years or longer, or a different period specified in a document of the nonprofit association, a person in possession or control of personal property of the nonprofit association may transfer custody of the property:
(1) If a document of the nonprofit association or document of gift specifies a person to whom transfer is to be made under these circumstances, to that person; or
(2) If no person is so specified, to a nonprofit association, nonprofit corporation, or other nonprofit entity pursuing broadly similar purposes, or to a government or governmental subdivision, agency, or instrumentality.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 59B. Uniform Unincorporated Nonprofit Association Act § 59B-10. Disposition of personal property of inactive nonprofit association - last updated January 01, 2020 | https://codes.findlaw.com/nc/chapter-59b-uniform-unincorporated-nonprofit-association-act/nc-gen-st-sect-59b-10.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
Was this helpful?