Bylaws - ARTICLE XI – Dissolution of Society
Posted: Fri Nov 17, 2023 11:09 am
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 Bylaws. Once all monies are disbursed, the checkbook, PayPal account, and any other Society accounts shall be closed, and the Society dissolved.
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 Bylaws. Once all monies are disbursed, the checkbook, PayPal account, and any other Society accounts shall be closed, and the Society dissolved.