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Difference between revisions of "How to Dissolve a Non-Profit (Societies Act FAQs)"
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How to Dissolve a Non-Profit (Societies Act FAQs) (view source)
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===What is a qualified recipient?=== | ===What is a qualified recipient?=== | ||
A qualified recipient is an organization that is eligible and designated by the non-profit’s bylaws or a resolution of the members or directors of the non-profit to receive the non-profit’s remaining assets upon dissolution. The ''Societies Act'' states that a qualified recipient may only be another society (cannot be a member-funded society), a community service cooperative, a registered charity, or a trust for a charitable purpose. | A qualified recipient is an organization that is eligible and designated by the non-profit’s bylaws or a resolution of the members or directors of the non-profit to receive the non-profit’s remaining assets upon dissolution. The ''Societies Act'' states that a qualified recipient may only be another society (cannot be a member-funded society), a community service cooperative, a registered charity, or a trust for a charitable purpose. | ||
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