Utah Code 16-6a-1417. Decree of dissolution
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(1) As used in this section:
Terms Used In Utah Code 16-6a-1417
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Deliver: includes delivery by mail or another means of transmission authorized by Section
16-6a-103 , except that delivery to the division means actual receipt by the division. See Utah Code 16-6a-102 - Division: means the Division of Corporations and Commercial Code. See Utah Code 16-6a-102
- Notice: means the same as that term is defined in Section
16-6a-103 . See Utah Code 16-6a-102 - Proceeding: includes :(42)(a) a civil suit;(42)(b) arbitration;(42)(c) mediation;(42)(d) a criminal action;(42)(e) an administrative action; or(42)(f) an investigatory action. See Utah Code 16-6a-102
- Registered agent: means the registered agent of:
(45)(a) a domestic nonprofit corporation; or(45)(b) a foreign nonprofit corporation. See Utah Code 16-6a-102(1)(a) “Decree of dissolution” includes an order of a court entered in a proceeding under Section16-6a-1414 that directs that the affairs of a nonprofit corporation be wound up and liquidated under judicial supervision.(1)(b) “Judicial proceeding to dissolve the nonprofit corporation” includes a proceeding brought under Section16-6a-1414 .(2) If after a hearing the court determines that one or more grounds for judicial dissolution described in Section16-6a-1414 exist:(2)(a) the court may enter a decree:(2)(a)(i) dissolving the nonprofit corporation; and(2)(a)(ii) specifying the effective date of the dissolution; and(2)(b) the clerk of the court shall deliver a certified copy of the decree to the division which shall file it accordingly.(3) After entering the decree of dissolution, the court shall direct:(3)(a) the winding up and liquidation of the nonprofit corporation’s affairs in accordance with Section16-6a-1405 ; and(3)(b) the giving of notice to:(3)(b)(i)(3)(b)(i)(A) the nonprofit corporation’s registered agent; or(3)(b)(i)(B) the division if it has no registered agent; and(3)(b)(ii) to claimants in accordance with Sections16-6a-1406 and16-6a-1407 .(4) The court’s order or decision may be appealed as in other civil proceedings. - Registered agent: means the registered agent of: