The bill amends and reenacts section 31E-13-1321 of the Code of West Virginia, clarifying the procedure for the administrative dissolution of nonprofit corporations by the Secretary of State. It mandates that the Secretary of State must notify the affected nonprofit corporation by certified mail if grounds for dissolution are identified. The corporation is given a 60-day period to rectify the issues or prove that the grounds for dissolution do not exist. If the corporation fails to do so, the Secretary of State will proceed with the administrative dissolution by filing a certificate of dissolution, which will also be communicated electronically if an email address is available.

Additionally, the bill specifies that even after administrative dissolution, the corporation retains its existence but is restricted to activities necessary for winding up and liquidating its affairs. The authority of the corporation's registered agent remains intact despite the dissolution. This legislation aims to streamline the dissolution process while ensuring that nonprofit corporations are adequately informed and given an opportunity to address any issues before dissolution occurs.

Statutes affected:
Introduced Version: 31E-13-1321
Committee Substitute: 31E-13-1321
Enrolled Committee Substitute: 31E-13-1321