Articles of Dissolution - Domestic Nonprofit Corporation - South Dakota

Articles of Dissolution - Domestic Nonprofit Corporation is a legal document that was released by the South Dakota Secretary of State - a government authority operating within South Dakota.

FAQ

Q: What is the purpose of Articles of Dissolution?
A: The purpose of Articles of Dissolution is to formally dissolve a nonprofit corporation.

Q: What is a domestic nonprofit corporation?
A: A domestic nonprofit corporation is a nonprofit organization that is incorporated in the state of South Dakota.

Q: Why would a domestic nonprofit corporation need to dissolve?
A: A nonprofit corporation may need to dissolve if it is no longer operating or if the organization's members or board of directors decide to cease operations.

Q: How can a domestic nonprofit corporation dissolve?
A: To dissolve a domestic nonprofit corporation in South Dakota, the organization must file Articles of Dissolution with the Secretary of State.

Q: What information is required in the Articles of Dissolution?
A: The Articles of Dissolution must include the name of the corporation, the date of dissolution, a statement of the grounds for dissolution, and the signature of an authorized representative.

Q: Are there any fees involved in filing Articles of Dissolution?
A: Yes, there is a filing fee that must be paid when submitting the Articles of Dissolution.

Q: What happens after the Articles of Dissolution are filed?
A: Once the Articles of Dissolution are filed and approved, the nonprofit corporation is considered officially dissolved and its legal existence is terminated.

Q: What are the consequences of not filing Articles of Dissolution?
A: If a nonprofit corporation fails to properly dissolve and file the Articles of Dissolution, it may still be liable for taxes, filings, and other legal obligations.

Q: Can a dissolved nonprofit corporation reinstate its status?
A: Yes, a dissolved nonprofit corporation can apply for reinstatement in South Dakota by filing a reinstatement application and paying the required fees.