5902 - Statement of termination.
§ 5902. Statement of termination. (a) General rule.--If articles of amendment or articles of merger, consolidation, division or conversion of a nonprofit corporation or to which it is a party have been filed in the Department of State prior to the termination of the amendment or plan pursuant to provisions therefor set forth in the resolution or petition relating to the amendment or in the plan, the termination shall not be effective unless the corporation shall, prior to the time the amendment or plan is to become effective, file in the department a statement of termination. The statement of termination shall be executed by the corporation that filed the amendment or by each corporation that is a party to the plan, unless the plan permits termination by less than all of the corporations, in which case the statement shall be executed on behalf of the corporation or corporations exercising the right to terminate, and shall set forth: (1) A copy of the articles of amendment or articles of merger, consolidation, division or conversion relating to the amendment or plan that is terminated. (2) A statement that the amendment or plan has been terminated in accordance with the provisions therefor set forth therein. (b) Cross references.--See sections 134 (relating to docketing statement) and 138 (relating to statement of correction).