New York Codes, Rules and Regulations
Title 10 - DEPARTMENT OF HEALTH
Chapter VII - Life Care Communities
Part 901 - Organization And Administration
Section 901.16 - Application for dissolution of a not-for-profit corporation

Universal Citation: 10 NY Comp Codes Rules and Regs ยง 901.16

Current through Register Vol. 45, No. 52, December 27, 2023

(a) Not-for-profit corporations seeking the approval of the Life Care Community Council of a voluntary dissolution shall file information, documents and data as follows:

(1) the public need for such dissolution;

(2) the proposed disposition of the assets of the corporation;

(3) the proposed certificate of dissolution which shall in all respects conform with the applicable provisions of the Not-for-Profit Corporation Law and all other pertinent laws of the State of New York;

(4) the proposed plan of dissolution and distribution of assets which shall in all respects conform with the applicable provisions of the Not-for-Profit Corporation Law and all other pertinent laws of the State of New York;

(5) the petition proposed to be submitted to the court in support of the application for judicial approval of the proposed plan of dissolution and distribution of assets; and

(6) such additional pertinent information and documents which are deemed necessary for the council's consideration as requested.

(b) If the council approves the dissolution of the corporation, such approval shall be contingent upon the approval of the plan of dissolution and distribution of assets by a court of competent jurisdiction and the filing of a certified copy of the court order of such approval.

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