Current through Pa Acts 2024-53, 2024-56 through 2024-92
Section 1305 - Articles of dissolution(a) General rule.--When, in the opinion of the department, the liquidation of a credit union is complete and its affairs are fully settled, the department shall execute and file in the Department of State articles of dissolution, which shall set forth:(1) The name of the credit union.(2) The statute under which the credit union was incorporated and the date of incorporation.(3) A statement that the liquidation of the credit union is complete and its affairs are fully settled.(b) Filing procedures.--A certificate or statement provided for by 15 Pa.C.S. § 139 (relating to tax clearance of certain fundamental transactions) shall not be required and the Department of State shall not charge a fee in connection with the filing of articles of dissolution under this section. See 15 Pa.C.S. § 134 (relating to docketing statement).(c) Effect.--Upon the filing of the articles of dissolution in the Department of State, the existence of the credit union shall cease.1990, Dec. 19, P.L. 834, No. 198, § 302, effective in two months. Amended 2002, Dec. 9, P.L. 1572, No. 207, § 11, effective in 60 days.