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Article XI: Organization and Dissolution
Section 1: Educational purposes
This Association is organized exclusively for educational purposes within the meaning of Section 501©(3) of the Internal Revenue Code.
Section 2: Restriction on Activities
Notwithstanding any other provisions of these articles, the Association shall not carry on any other activities not permitted to be carried on (a) by an organization exempt from Federal income tax under section 501©(3) of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law), or (b) an organization contributions to which are deductible under section 170©(2) of the internal 1954 (or the corresponding provision of any future United States Internal Revenue Law).
Section 3: Dissolution
Upon the winding up and dissolution of this corporation, after paying or adequately providing for debts and obligations of the corporation, the remaining assets shall be distributed to a nonprofit fund, foundation, or corporation which is organized and operated exclusively for charitable, educational, religious, and/or scientific purposes and which has established its tax exempt status under section 501©(3) of the Internal Revenue Code.