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What does “distribution of assets for a nonprofit corporation” mean?

April 26, 2017assets mean nonprofit

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What does “distribution of assets for a nonprofit corporation” mean?

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The distribution of assets upon dissolution refers to language required to be included in the Articles of Incorporation of a nonprofit corporation pursuant to § 7-122-102, C.R.S. Questions should be addressed to your legal, business, or tax advisor(s) or the IRS.