Bylaws ARTICLE XI – Dissolution of Society

Constitution and Bylaws of the Northwest Arkansas Aquarium Society

Bylaws ARTICLE XI – Dissolution of Society

Postby mewickham » Wed Dec 18, 2013 3:38 pm

ARTICLE XI – Dissolution of Society

Section 1 - In the event that the Society decides to disband, the President shall appoint a Dissolution Committee to oversee the sale of all Society assets, the disbursement of funds to pay all Society debts, and the filing of any required legal or financial documents. Any monies left over shall be put into the Society Benevolence Fund, and disbursed according to the criteria set forth in the By-laws. Once all monies are disbursed, the checkbook, PayPal account, and any other Society accounts shall be closed, and the Society dissolved.
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