53-709 DISPOSITION OF PERSONAL PROPERTY OF INACTIVE NONPROFIT ASSOCIATION.
PARTNERSHIP
CHAPTER 7
UNIFORM UNINCORPORATED NONPROFIT ASSOCIATION ACT
53-709. Disposition of personal property of inactive nonprofit association. If a nonprofit association has been inactive for three (3) years or longer, a person in possession or control of personal property of the nonprofit association may transfer the property:
(1) If a document of the nonprofit association specifies a person to whom transfer is to be made under those circumstances, to that person; or
(2) If no person is so specified, to a nonprofit association or nonprofit corporation pursuing broadly similar purposes or to a government, governmental subdivision, agency, or instrumentality.