Del. Code tit. 6 § 1909

Current through 2024 Legislative Session Act Chapter 510
Section 1909 - Disposition of personal property of inactive nonprofit association

If a nonprofit association has been inactive for 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 a nonprofit association specifies a person to whom transfer is to be made under these 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 or governmental subdivision, agency or instrumentality.

6 Del. C. § 1909

71 Del. Laws, c. 79, § 1.;