(a) A decentralized unincorporated nonprofit association shall have perpetual existence unless its governing principles otherwise specify. (b) A decentralized unincorporated nonprofit association may be dissolved as follows: (1) If the governing principles of the nonprofit association provide a time or method for dissolution, by that method. (2) If the governing principles of the nonprofit association do not provide a method for dissolution, by approval of its members pursuant to Section 10A-17-2.20. (3) If membership in the decentralized unincorporated nonprofit association falls below 100 members and the decentralized unincorporated nonprofit association does not meet the requirements of Sections 10A-17-2.01 through 10A-17-2.15. In the event membership in the nonprofit association falls below 100 members and the nonprofit association meets the requirements of Sections 10A-17-2.01 through 10A-17-2.15, the entity shall automatically transition to an Alabama unincorporated nonprofit association unless the governing principles otherwise specify. (4) By court order. (c) After dissolution, a decentralized unincorporated nonprofit association continues in existence until its activities are wound up and terminated pursuant to Section 10A-17-2.26.
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