(1) If after a hearing the court determines that one or more grounds for judicial dissolution described in Section 16-6a-1414 exist: (a) the court may enter a decree: (i) dissolving the nonprofit corporation; and (ii) specifying the effective date of the dissolution; and (b) the clerk of the court shall deliver a certified copy of the decree to the division which shall file it accordingly.
(2) After entering the decree of dissolution, the court shall direct: (a) the winding up and liquidation of the nonprofit corporation's affairs in accordance with Section 16-6a-1405; and (b) the giving of notice to: (i) (A) the nonprofit corporation's registered agent; or (B) the division if it has no registered agent; and (ii) to claimants in accordance with Sections 16-6a-1406 and 16-6a-1407.
(3) The court's order or decision may be appealed as in other civil proceedings.
Have questions about a statute? Ask it and an experienced Utah HOA attorney will answer it, plus see all the previous questions and answers.
Only members may post and view questions and answers. Join us by subscribing today!
<div style="text-align: center">
Key Concepts explained
The index is the main hub of the site, where key concepts are explained
The 6 resolutions & 5 forms every HOA should have
Procedures required by law, updated as the laws change yearly, so your HOA is always in compliance. Plus other policy resolutions *Prudent-Legal plan only
Step-by-Step Guides
• Guides to walk board through owner requests for: records, assistance animal (disability), satellite dish, solar device. Avoid violating federal and Utah law! • Guides to walk a homeowner through making request for records and to keep an assistance animal for a person with a disability.
2 Hours Attorney Time
Counsel from a Utah HOA specialist attorney *Prudent-Legal plan only
Q & A
Have questions about a statute? Ask it and an experienced HOA attorney will answer it. Plus, see all the other Q & A.
Legal Updates
Stay informed! Get updates of new HOA laws with explanations of how they affect your community and what to do to comply and minimize risk.
Tools to help you understand the law
Key words defined in hovercards, powerful search, comments, footnotes, tags, explanations and case law summaries