Domestic Nonprofit Corporation Articles of Dissolution - New Mexico

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

FAQ

Q: What is a Domestic Nonprofit Corporation?
A: A Domestic Nonprofit Corporation is a type of corporation organized for charitable, educational, religious, scientific, or other nonprofit purposes.

Q: What are Articles of Dissolution?
A: Articles of Dissolution are legal documents that officially terminate the existence of a corporation.

Q: Why would a Domestic Nonprofit Corporation file Articles of Dissolution?
A: A Domestic Nonprofit Corporation may file Articles of Dissolution if it is no longer operating or if its members or Board of Directors have voted to dissolve the corporation.

Q: What is the process for filing Articles of Dissolution in New Mexico?
A: To file Articles of Dissolution in New Mexico, the corporation must complete a form provided by the Secretary of State and submit it along with the required filing fee.

Q: What information is required in the Articles of Dissolution?
A: The Articles of Dissolution typically require information such as the name of the corporation, the date of dissolution, and a statement of the reasons for dissolution.

Q: What happens after the Articles of Dissolution are filed?
A: After the Articles of Dissolution are filed and accepted by the Secretary of State, the corporation's existence is officially terminated.

Q: Are there any ongoing obligations or requirements after filing Articles of Dissolution?
A: Once the Articles of Dissolution are filed and accepted, the corporation is generally not required to fulfill any ongoing obligations or requirements, although it may still be responsible for winding up its affairs and distributing any remaining assets to its creditors or other charitable organizations.

Q: Can a Domestic Nonprofit Corporation be reinstated after filing Articles of Dissolution?
A: Under certain circumstances, a Domestic Nonprofit Corporation may be eligible for reinstatement after filing Articles of Dissolution. This generally requires filing an application for reinstatement and paying any applicable fees and penalties.