Dissolution Provisions. In the event that a sufficient number of participating districts are of the opinion that the Cooperative is not meeting the intended goals of providing safe, economical transportation for all public school pupils residing with the boundaries of each participating district, they may mutually agree to dissolve the program. If such dissolvement should occur, capital investment and equipment owned by the cooperative shall revert to the participating districts at the same pro rata share as the districts are providing revenue on the last year of operation. In the event of dissolution, the Cooperative's maintenance facility shall remain the possession of the Woodland School District, and shall not be considered in the calculation of Woodland's pro rata share of capital investment and equipment. The Paradise Point facility is an asset of the KWRL non-profit corporation and will be considered similarly to buses and equipment thereby owned and liquidated on a pro rata share of the member districts.
Dissolution Provisions. (1) Events That Trigger Dissolution of the LLC: The following events shall trigger dissolution of the LLC, except as provided:
Dissolution Provisions. OSPI must give approval prior to proceeding with the dissolution of the Skills Center. In accordance with provisions of WAC 000-000-000 and in the event of dissolution of the Skills Center Consortium, all facilities and equipment shall remain the property of the Host District.
Dissolution Provisions. The State Superintendent of Public Instruction must give approval prior to proceeding with dissolution. In accordance with provisions of WAC 000-000-000 and in the event of dissolution of the Skills Center Cooperative all facilities and equipment shall remain the property of the Host District.
Dissolution Provisions. The cooperative operation of the facility under this Agreement can be dissolved only under the followingprocedures.
Dissolution Provisions. In the event that a sufficient number of participating Districts are of the opinion that the Cooperative is not meeting the intended goals of providing safe, economical transportation for all public school pupils residing with the boundaries of each participating District, they may mutually agree to dissolve the program and shall be consistent with WAC 000-000-000 (Dissolution Provisions). If such dissolution should occur, capital investment and equipment owned by the Cooperative shall revert to the participating Districts at the same pro rata share as the Districts are providing revenue on the last year of operation. In the event of dissolution, the Cooperative's maintenance facility shall remain the possession of the Woodland School District, and shall not be considered in the calculation of Woodland's pro rata share of capital investment and equipment. The Paradise Point facility is an asset of the KWRL non-profit corporation and will be considered similarly to buses and equipment thereby owned and liquidated on a pro rata share of the member Districts and according to the procedures of the Articles of Incorporation and the Washington Nonprofit Corporation Act.
Dissolution Provisions. 1. The Company shall be dissolved upon the occurrence of any of three events:
Dissolution Provisions. Events That Trigger Dissolution of the LLC: The following events shall trigger dissolution of the LLC, except as provided: the death, permanent incapacity, bankruptcy, retirement, resignation or expulsion of a member, except that within of the happening of any of these events, all remaining members of the LLC may vote to continue the legal existence of the LLC, in which case the LLC shall not dissolve; the expiration of the term of existence of the LLC if such term is specified in the Articles of Organization, Certificate of Formation or a similar organizational document, or this operating agreement; the written agreement of all members to dissolve the LLC; entry of a decree of dissolution of the LLC under state law. GENERAL PROVISIONS Officers: The LLC may designate one or more officers, such as a President, Vice President, Secretary and Treasurer. Persons who fill these positions need not be members of the LLC. Such positions may be compensated or non-compensated according to the nature and extent of the services rendered for the LLC as a part of the duties of each office. Ministerial services only as a part of any officer position will normally not be compensated, such as the performance of officer duties specified in this agreement, but any officer may be reimbursed by the LLC for out-of-pocket expenses paid by the officer in carrying out the duties of his or her office.
Dissolution Provisions. In the event this nonprofit association has been inactive for three (3) years or longer, the last General Members who were General Members in good standing during the last calendar year of activity shall for purposes of this section appoint members to the Board to complete dissolution of this Association in accordance with the following: The Association shall continue its existence but may not carry on any activities except those appropriate to wind up and liquidate its affairs which includes:
Dissolution Provisions. The cooperative operation of the WA-NIC under this Agreement can be dissolved only under the following procedures:
