8.0 Dissolution of Corporation and Distribution of Assets
8.1 Distribution of Assets
8.11 Immediately upon the dissolution of the corporation, all assets
must be eliminated in a fair and legal fashion. Such elimination of assets must
be completed within thirty days of termination of this Agreement, at the end
of which period a full report must be forwarded to the Board of Directors as
previously described. Options for the elimination of assets include:
8.111 Use of cash on hand for the sponsorship of a final special event
8.112 Contribution of cash assets and/or capital property to a legally recognized
non-profit charitable organization.
8.113 Return of dues to members who paid them, return of capital properties
to donors, equal redistribution of special event profits to members who purchased
tickets to the event, etc.
8.114 Whatever method used must be in compliance with all applicable laws and
reported in detail to Amtgard, Inc. within thirty days of termination.