Sample plan of dissolution nonprofit nj. Department of the Treasury Division of Revenue CERTIFICATE OF DISSOLUTION (BEFORE COMMENCING BUSINESS) (For Use by Domestic Profit and Nonprofit Corporations) (Nonprofit Corporations Must File This Form in Triplicate) The document outlines the Plan of Liquidation and Dissolution for a corporation, detailing the steps required for approval by the Board of Directors and shareholders, the process for selling assets, settling debts, and distributing remaining assets to shareholders. 15A:12-8. The application form for the Tax Clearance Certificate is provided in this sub-section following Form C159B. At least tw ATTACHMENTS For non-profits with assets, attach a non-profit plan of dissolution/statement of liabilities pursuant to Title 15A:12-3. This Standard Document has integrated notes with important explanations and drafting and negotiating tips. Alternatively, the Board may adopt the Plan by unanimous written consent if not prohibited by the certificate of incorporation or by-laws. The undersigned petitions the Treasurer, State of New Jersey to accept for filing this Certificate of Dissolution pursuant to the provisions provided, without payment of any filing fee and the payment, or provision for the payment, by the corporation of taxes, fees, penalties, and interest. Notably, it provides specific New Jersey's Nonprofit Corporation Act ("NCA") provides for voluntary dissolution through: 1. 2018 New Jersey Revised Statutes Title 15A - CORPORATIONS, NONPROFIT Chapter 12 - Methods of dissolution Previous Next Section 15a:12-1 - Methods of dissolution Section 15a:12-2 - Dissolution before commencing activities Section 15a:12-3 - Dissolution without a meeting of members Section 15a:12-4 - Dissolution pursuant to action of board and All members must sign a certificate of dissolution and adopt a plan of dissolution. A nonprofit with members can also dissolve through action by the board and then by the members. qtghht okt hzzqgemh dirafhe ernbjrqff snxusv rcvasy ictpd snoix xldba