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our_bylaws [2017/07/30 21:25] – [Section 1. Limitations on Activities] admin | our_bylaws [2017/07/30 21:26] – [Section 3. Distribution of Assets] admin | ||
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No part of the net earnings of this Corporation shall inure to the benefit of, or be distributable to, its members, Directors, or trustees, Officers or other private persons, except that the Corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes of this Corporation. | No part of the net earnings of this Corporation shall inure to the benefit of, or be distributable to, its members, Directors, or trustees, Officers or other private persons, except that the Corporation shall be authorized and empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the purposes of this Corporation. | ||
====Section 3. Distribution of Assets ==== | ====Section 3. Distribution of Assets ==== | ||
- | Upon the dissolution of this Corporation, | + | Upon the dissolution of this Corporation, |
=====Article 8 Amendment of Bylaws===== | =====Article 8 Amendment of Bylaws===== |