Section 29-1125 - Winding up and terminationWinding up and termination of an unincorporated nonprofit association shall proceed in accordance with the following rules:
(1) All known debts and liabilities shall be paid or adequately provided for.(2) Any property subject to a condition requiring return to the person designated by the donor shall be transferred to that person.(3) Any property subject to a trust shall be distributed in accordance with the trust agreement.(4) Any remaining property shall be distributed as follows:(A) As required by law other than this chapter that requires assets of an association to be distributed to another person with similar nonprofit purposes;(B) In accordance with the association's governing principles or, in the absence of applicable governing principles, to the members of the association per capita or as the members direct; or(C) If subparagraph (A) or (B) of this paragraph does not apply, in accordance with the law of unclaimed property in the District. July 2, 2011, D.C. Law 18-378, § 2, 58 DCR 1720.Uniform Law: This section is based on § ,29 of the Uniform Unincorporated Nonprofit Association Act (2008 Act).