1. (a) Except as otherwise provided in the governing documents, the board of directors may dissolve a foundation by filing with the secretary of state a certificate of dissolution.

2. (b) The certificate of dissolution shall set forth:

   1. (1) The foundation's name;
   2. (2) The date on which the dissolution was authorized;
   3. (3) A statement that the board of directors authorized the dissolution; and
   4. (4) A statement that a copy of the certificate of dissolution has been sent to the department of revenue.
3. (c) A foundation's dissolution is effective upon filing the certificate of dissolution.

Source. 2017, 257:47, eff. Oct. 1, 2017.