ARTICLE XI: DISSOLUTION CLAUSE
Sat, 12/13/2008 - 01:05 — nlgsadminUpon the dissolution of the N.L.G.S.A., the N.L.G.S.A. shall, after paying or making provisions for payment of all the liabilities of the N.L.G.S.A., dispose of all the assets of the N.L.G.S.A. exclusively for the purpose of the N.L.G.S.A. in such manner, or to such organization or organizations organized and operated exclusively for charitable, educational, religious, or scientific purposes as shall at the time qualify as an exempt organization or organizations under section 501(c)(3) of the Internal Revenue Code of 1986 (or the corresponding provision of any future United States Internal Revenue Law), as the Board of Trustees shall determine. Any such assets not so disposed of shall be disposed of by the Court of Common Pleas of the County in which the principle office of the N.L.G.S.A. is then located, exclusively for such purposes or to such organization or organizations, as said Court shall determine, which are organized and operated exclusively for such purposes.



