This bill amends the procedure for the administrative dissolution of nonprofit corporations in West Virginia, specifically under section 31E-13-1321 of the Code. It requires the Secretary of State to notify nonprofit corporations subject to administrative dissolution by sending a certified mail with written notice of the determination, replacing the previous requirement for the Secretary to serve the corporation with written notice. Additionally, if the corporation fails to address the grounds for dissolution within 60 days of receiving the notice, the Secretary of State is mandated to sign and file a certificate of dissolution that outlines the grounds for dissolution and its effective date.

The bill also clarifies that a corporation that has been administratively dissolved will continue to exist but is restricted from conducting any business except for activities necessary to wind up and liquidate its affairs. Furthermore, the authority of the corporation's registered agent remains intact despite the administrative dissolution. Overall, the bill aims to streamline the dissolution process and ensure that nonprofit corporations are adequately informed of their status.

Statutes affected:
Introduced Version: 31E-13-1321