Section 564-F:20-2001 - Dissolution by Organizers or Initial Directors(a) If the foundation has not received its initial capital contribution, then the following persons may dissolve a foundation by filing with the secretary of state a certificate of dissolution: (1) A majority of the organizers; or(2) A majority of the initial directors.(b) The certificate of dissolution shall set forth: (1) The foundation's name;(2) The date on which the dissolution was authorized;(3) If a majority of organizers have authorized the dissolution, a statement that a majority of the organizers authorized the dissolution;(4) If a majority of initial directors have authorized the dissolution, a statement that a majority of the initial directors authorized the dissolution; and(5) A statement that the foundation has not received its initial capital contribution.(c) A foundation's dissolution is effective upon filing the certificate of dissolution.Added by 2017, 257:47, eff. 10/1/2017. 2017, 257:47, eff. Oct. 1, 2017.