59B-10. Disposition of personal property of inactive nonprofit association.
If a nonprofit association has been inactive for three years or longer, or a different period specified in a document of the nonprofit association, a person in possession or control of personal property of the nonprofit association may transfer custody of the property:
(1) If a document of the nonprofit association or document of gift specifies a person to whom transfer is to be made under these circumstances, to that person; or
(2) If no person is so specified, to a nonprofit association, nonprofit corporation, or other nonprofit entity pursuing broadly similar purposes, or to a government or governmental subdivision, agency, or instrumentality. (2006-226, s. 1.)
Structure North Carolina General Statutes
North Carolina General Statutes
Chapter 59B - Uniform Unincorporated Nonprofit Association Act
§ 59B-3 - Supplementary general principles of law and equity.
§ 59B-4 - Title to property; choice of law.
§ 59B-5 - Real and personal property; nonprofit association as devisee or beneficiary.
§ 59B-6 - Statement of authority as to real property.
§ 59B-7 - Liability of members or other persons.
§ 59B-8 - Capacity to assert and defend; standing.
§ 59B-9 - Effect of judgment or order.
§ 59B-10 - Disposition of personal property of inactive nonprofit association.
§ 59B-11 - Appointment of agent to receive service of process.
§ 59B-12 - Claim not abated by change.
§ 59B-14 - Uniformity of application and construction.
§ 59B-15 - Effect as to conveyances by trustees; prior deeds validated.