Section 1202 - Nonjudicial dissolutionExcept as otherwise provided in sections 1203 and 1211 of this title, a mutual benefit enterprise is dissolved and its activities shall be wound up:
(1) upon the occurrence of an event or at a time specified in the articles of organization;(2) upon the action of the enterprise's organizers, board of directors, or members under section 1204 or 1205 of this title; or(3) 90 days after the dissociation of a member, which results in the enterprise having one patron member and no other members, unless the enterprise:(A) has a sole member that is a cooperative; or(B) not later than the end of the 90-day period, admits at least one member in accordance with the organic rules and has at least two members, at least one of which is a patron member.Added 2011, No. 84 (Adj. Sess.), § 1, eff. 4/20/2012.