Difference between revisions of "Amendment/0002-Dissolution"

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(Amendment 0002: Dissolution)
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*** [[User:Brimstone|Brimstone]] 16:23, 16 October 2008 (CDT)
 
*** [[User:Brimstone|Brimstone]] 16:23, 16 October 2008 (CDT)
 
*** [[User:Gregabyte|Gregabyte]] 16:25, 16 October 2008 (CDT)
 
*** [[User:Gregabyte|Gregabyte]] 16:25, 16 October 2008 (CDT)
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***  [[User:Saratheneale|Saratheneale]] 16:29, 16 October 2008 (CDT)
  
 
== Summary ==
 
== Summary ==

Revision as of 15:29, 16 October 2008

Amendment 0002: Dissolution

  • Date Passed:
    • Method Passed: Online Signature of Board Members:

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.