California – FTB Nonprofit Administrative Dissolution/Surrender Notice

Beginning on March 1, 2017, the California Franchise Tax Board (FTB) initiated the first FTB Nonprofit Administrative Dissolution/Surrender Notice period, wherein nonprofit corporations that have had their rights and privileges suspended or forfeited by the FTB for a period of 48 continuous months or more will be administratively dissolved. A list of the nonprofit corporations pending dissolution/surrender is posted on the California Secretary of State website. Each entity included on the list has 60 calendar days (from the date the notice was posted) to object in writing before it will be permanently administratively dissolved/surrendered.