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Section 1401 - Dissolution by incorporators or directors if no members.

UT Code § 16-6a-1401 (2019) (N/A)
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(1) If a nonprofit corporation has no members, the following may authorize the dissolution of the nonprofit corporation: (a) a majority of its directors; or (b) if it has no directors, a majority of its incorporators.

(a) a majority of its directors; or

(b) if it has no directors, a majority of its incorporators.

(2) The directors or incorporators in approving dissolution shall adopt a plan of dissolution indicating to whom the assets owned or held by the nonprofit corporation will be distributed after all creditors have been paid.

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Section 1402 - Dissolution by directors and members.