Fwd: Re: Is Herbertia online?

Robin Hansen via pbs pbs@lists.pacificbulbsociety.net
Sun, 10 May 2020 12:42:24 PDT
When we dissolved the Emerald Chapter of NARGS a number of years ago, the
dissolution was a formal process required by the state and IRS and involved
filing a form with the state corporation division, in this case Oregon.  If
it is still an existing 501c3, you could check with the state in which the
corporation was filed to see whether it is listed and if it is, who the
current agent of record is.  

We disposed of our assets by selling them and all funds then held by Emerald
Chapter were transferred to the City of Eugene Parks Department as a special
fund to support the rock garden at Alton Baker Park.  And yes, more
paperwork to make it official was required but it was not a difficult
process. This was pointed out by a previous message that 501c3s must dispose
of their assets in a certain manner, period.

>>>>>Is the IBS a non-profit organization? Does it still exist as a
corporation? If it still exists it still holds its property. When
non-profits close their assets either pass to another non-profit, they are
sold to satisfy corporate debt or they pass to the State in which the
corporation is domiciled.<<<<<

Robin Hansen
Rain coming
Southwest Oregon Coast

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