Section 564-F:20-2003 - Dissolution by Board of Directors(a) Except as otherwise provided in the governing documents, the board of directors may dissolve a foundation by filing with the secretary of state a certificate of dissolution.(b) The certificate of dissolution shall set forth: (1) The foundation's name;(2) The date on which the dissolution was authorized;(3) A statement that the board of directors authorized the dissolution; and(4) A statement that a copy of the certificate of dissolution has been sent to the department of revenue. (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.