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policies:bylaws [2016/01/07 17:51]
Geoff Nicholson [Section 1. Limitations on Activities]
policies:bylaws [2016/01/07 17:51]
Geoff Nicholson [Section 3. Distribution of Assets]
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 ==== Section 3. Distribution of Assets ==== ==== Section 3. Distribution of Assets ====
-Upon the dissolution of this corporation,​ its assets remaining after payment, or provision for payment, of all debts and liabilities of this corporation,​ shall be distributed for one or more exempt purposes within the meaning of Section 501.c.3 of the Internal Revenue Code or shall be distributed to the federal government, or to a state or local government, for a public purpose. Such distribution shall be made in accordance with all applicable provisions of the laws of this state.+Upon the dissolution of this corporation,​ its assets remaining after payment, or provision for payment, of all debts and liabilities of this corporation,​ shall be distributed for one or more exempt purposes within the meaning of Section ​<​nowiki>​501(c)3</​nowiki> ​of the Internal Revenue Code or shall be distributed to the federal government, or to a state or local government, for a public purpose. Such distribution shall be made in accordance with all applicable provisions of the laws of this state.
  
 ==== Section 4. Private Foundation Requirements and Restrictions ==== ==== Section 4. Private Foundation Requirements and Restrictions ====