ARTICLE 9 – DISSOLUTION OF THE SOCIETY
9.01 In order to dissolve the Society, the Executive Committee must adopt a resolution recommending that the Society be dissolved and put the question of dissolution up for vote by Society members. Such resolution must be in accordance with the provisions of the state of California (herein called the Code). A majority vote of the members is required.
9.02 Upon receiving the required Member vote, the Society assets shall be applied and distributed in satisfaction of its liabilities and other obligations as required under the Code, and the Executive Committee shall adopt a plan of dissolution for any remaining assets, which plan shall be submitted to the voting Members in accordance with the Code. Such plan shall provide that no such remaining assets shall be distributed to Members or Officers of the Society or any private individual, but rather such assets shall be distributed for one or more exempt purposes within the meaning of section 501(3) of the Internal Revenue Code, or to a state or local government, for a public purpose.