[WSBARP] Corporation Gurus

[Craig Gourley]

Listmates,  A local nonprofit has approached me with a question that I don't know the answer to.  I am hoping the corporate types on the list can shed some light.   Nonprofit corporation in incorporated in 1932 with a sunset date of 50 years.   Naturally nobody is paying attention. They dutifully pay their annual fee and are today considered an active corporation by both the State and Federal government.  Corporation holds substantial amounts of real property, buildings and personal property assets.

Should they file amended articles stating they are now perpetual and ratify all actions back to 1982?  Any other better solutions?   Both the nonprofit  and I appreciate any enlightenment.  Craig

Gourley Law Group
Snohomish Escrow
The Exchange Connection

1002 10th Street / PO Box 1091
Snohomish, WA 98291

360.568.5065
360.568.8092  fax
Craig at glgmail.com<mailto:Craig at glgmail.com>

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