Amendment/0002-Dissolution
From Makers Local 256
Contents
[hide]Amendment to Articles 0002: Dissolution
- Date Passed: Oct 16th, 2008
- Method Passed: Online Signature of Board Members via Media Wiki System
- Omegix 16:16, 16 October 2008 (CDT)
- Opticron 16:21, 16 October 2008 (CDT)
- Brimstone 16:23, 16 October 2008 (CDT)
- Gregabyte 16:25, 16 October 2008 (CDT)
- Saratheneale 16:29, 16 October 2008 (CDT)
- Method Passed: Online Signature of Board Members via Media Wiki System
Summary
Include Dissolution Clause that is in compliance with 501c3 Certification
Prior Wording
Article II: Duration
The Duration of the corporation is perpetual, unless otherwise stated.
Amendment to Wording
Article II: Duration
The Duration of the corporation is perpetual, unless otherwise stated.
In the event that a movement to dissolve the organization passes, assets may be liquidized to pay off any debt the organization may have accrued. Any remaining assets of the organization must be donated to a charitable, educational, or scientific endeavor.
