Statement Regarding Completion of Winding Up: The certificate of termination must provide
that the filing entity has complied with the provisions of the BOC governing its winding up. Please
review the winding up procedures in subchapter B of chapter 11 of the BOC and any supplemental
winding up procedures that may apply to the filing entity.
Supplemental Information Required for a Nonprofit Corporation: The certificate of
termination of a nonprofit corporation must contain a statement that:
(1) Any property of the nonprofit corporation has been transferred, conveyed, applied, or distributed
in accordance with chapters 11 and 22 of the BOC.
(2) There is no suit pending against the nonprofit corporation or adequate provision has been made
for the satisfaction of any judgment, order or decree that may be entered against the nonprofit
corporation in a pending suit.
(3) If the nonprofit corporation received and held property permitted to be used only for charitable,
religious, eleemosynary, benevolent, educational, or similar purposes, but the nonprofit
corporation did not hold the property on a condition requiring return, transfer, or conveyance
because of the winding up and termination, the distribution of that property has been effected in
accordance with a plan of distribution adopted in compliance with the BOC for the distribution
of that property.
Effectiveness of Filing: A certificate of termination becomes effective when filed by the secretary
of state (option A). However, pursuant to sections 4.052 and 4.053 of the BOC the effectiveness of
the instrument may be delayed to a date not more than ninety (90) days from the date the instrument
is signed (option B). The effectiveness of the instrument also may be delayed on the occurrence of a
future event or fact, other than the passage of time (option C). If option C is selected, you must state
the manner in which the event or fact will cause the instrument to take effect and the date of the 90
th
day after the date the instrument is signed. In order for the certificate to take effect under option C,
the entity must, within ninety (90) days of the filing of the certificate, file a statement with the
secretary of state regarding the event or fact pursuant to section 4.055 of the BOC.
On the filing of a document with a delayed effective date or condition, the computer records of the
secretary of state will be changed to show the filing of the document, the date of the filing, and the
future date on which the document will be effective or evidence that the effectiveness was
conditioned on the occurrence of a future event or fact. In addition, at the time of such filing, the
status of the filing entity will be shown as “voluntarily terminated” on the records of the secretary of
state.
Execution: Pursuant to section 4.001 of the BOC, the certificate of termination must be signed by
a person authorized by the BOC to act on behalf of the entity in regard to the filing instrument.
A certificate of termination filed by a nonprofit corporation should be signed by an officer of the
corporation (BOC § 20.001).
A certificate of termination filed by a cooperative association should be signed by an officer of the
cooperative or by one or more of the persons designated as a liquidating trustee under section
251.401 of the BOC (BOC § 251.402).
A certificate of termination need not be notarized. However, before signing, please read the
statements on this form carefully. A person commits an offense under section 4.008 of the BOC if the
Form 652
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