(a) An unincorporated nonprofit association may be dissolved as follows:
(1) If the governing principles provide a time or method for dissolution, at that time or by that method;
(2) If the governing principles do not provide a time or method for dissolution, upon approval by the members;
(3) If no member can be located and the association’s operations have been discontinued for at least 3 years, by the managers or, if the association has no current manager, by its last manager;
(4) By court order; or
(5) Under law other than this chapter.
(b) After dissolution, an unincorporated nonprofit association continues in existence until its activities have been wound up and it is terminated pursuant to § 29-1125.