Common use of Section Dissolution Clause in Contracts

Section Dissolution. 12.1 It is the intent of the Society to use reasonable and prudent efforts to assist any section that is struggling or otherwise in distress in order to protect the rights and privileges of members, provide expected services, and protect the financial funds and legal status of the Society. 12.2 Sections may be dissolved in accordance with the Society Policies for section dissolution. In the event of dissolution of this section, any remainder of its net assets after discharge of all its just debts and other legal obligations will be paid to the Society.

Section Dissolution. 12.1 It is the intent of the Society to use reasonable and prudent efforts to assist any section Section that is struggling or otherwise in distress in order to protect the rights and privileges of membersMembers, provide expected services, and protect the financial funds and legal status of the Society. 12.2 Sections may be dissolved in accordance with the Society Policies for section dissolution. In the event of dissolution of this sectionSection, any remainder of its net assets after discharge of all its just debts and other legal obligations will shall be paid to the Society.