(a) Except as otherwise provided in the governing documents, the board of directors may dissolve a foundation by filing with the secretary of state a certificate of dissolution. (b) The certificate of dissolution shall set forth: (1) The foundation's name; (2) The date on which the dissolution was authorized; (3) A statement that the board of directors authorized the dissolution; and (4) A statement that a copy of the certificate of dissolution has been sent to the department of revenue. (c) A foundation's dissolution is effective upon filing the certificate of dissolution.
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