Form Nfp 112.20 - Articles Of Dissolution - 2003 Page 2
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2NFP 112.20
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NOTES
Members may authorize dissolution by their unanimous written consent. This does not require any action of the
board of directors and does not require a membership meeting.
Member authorization also may be by vote at a membership meeting or by less than unanimous consent, in
writing, without a meeting.
To be effective, the dissolution must receive the affirmative vote or consent of at least two-thirds of the
members entitled to vote on dissolution, and, if class voting applies, then also at least two-thirds of the votes
within each class.
If the Articles of Incorporation so provide, the two-thirds vote requirement may be superseded by any smaller or
larger vote requirement, not less than a majority of the members entitled to vote and not less than a majority
within each class when class voting applies.
When member authorization is by less than unanimous written consent, all members must be given notice of the
proposed dissolution actions at least five days before the consent is signed. Members who have not signed the
consent must be given prompt notice that dissolution was duly authorized.
C 159.12 — 5M — March 2004
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