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District of Columbia · Through 2026-08-20 (D.C. Law 26-175)

D.C. Code § 29-1125: Winding up and termination.

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Where this section sits in the code
  1. Title 29. Business Organizations. [Enacted title]
  2. Chapter 11. Unincorporated Nonprofit Associations.

Winding up and termination of an unincorporated nonprofit association shall proceed in accordance with the following rules:

(1)

All known debts and liabilities shall be paid or adequately provided for.

(2)

Any property subject to a condition requiring return to the person designated by the donor shall be transferred to that person.

(3)

Any property subject to a trust shall be distributed in accordance with the trust agreement.

(4)

Any remaining property shall be distributed as follows:

(A)

As required by law other than this chapter that requires assets of an association to be distributed to another person with similar nonprofit purposes;

(B)

In accordance with the association’s governing principles or, in the absence of applicable governing principles, to the members of the association per capita or as the members direct; or

(C)

If subparagraph (A) or (B) of this paragraph does not apply, in accordance with the law of unclaimed property in the District.

Collected 2026-08-29T05:44:07Z. Source file · JSON

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