Common use of Winding Up Upon Dissolution Clause in Contracts

Winding Up Upon Dissolution. Consistent with the provisions of Bylaws and Articles of Incorporation of the Alumni Foundation, should the entity cease to exist or cease to be an IRC § 501 (c)(3) organization, it will transfer its assets and property to the University or its assignee. For purposes of this section, a corporate reorganization, merger, or consolidation or a renaming of the Alumni Foundation shall not constitute a cessation of existence provided the Alumni Foundation, or its successor, is recognized as the affiliated Foundation of Montana State University for the purposes outlined in Section 901.9 for the Montana University System Policy and Procedures Manual.

Winding Up Upon Dissolution. Consistent with the provisions of Bylaws and Articles of Incorporation of the Alumni Montana State University Foundation, Inc., should the entity Alumni Foundation cease to exist or cease to be an IRC § §501 (c)(3c) (3) organization, it will transfer its applicable assets and property to the University Great Falls College MSU or its assignee. For purposes of this section, a corporate reorganization, merger, or consolidation or a renaming of the Alumni Foundation Montana State University Foundation, Inc. shall not constitute a cessation of existence provided to the Alumni Montana State University Foundation, Inc., or its successor, is as recognized as the affiliated Foundation of Montana State University for the purposes outlined in Section 901.9 for the Montana University System Policy and Procedures Manual.

Winding Up Upon Dissolution. Consistent with provisions appearing in the provisions Foundation’s bylaws and its articles of Bylaws and Articles of Incorporation of the Alumni Foundationincorporation, should the entity Foundation cease to exist or cease to be an IRC § 501 (c)(3) organization, it will transfer its assets and property to the University University, or its assignee. For purposes of this section, a corporate reorganization, merger, or consolidation or a renaming of the Alumni Foundation shall not constitute a cessation of existence provided to the Alumni Foundation, or its successor, is if recognized as the affiliated Foundation of Montana State University University-Northern for the purposes outlined in Section 901.9 for the Montana University System Policy and Procedures Manual.

Winding Up Upon Dissolution. Consistent with provisions appearing in the provisions Foundation’s bylaws and its articles of Bylaws and Articles of Incorporation of the Alumni Foundationincorporation, should the entity Foundation cease to exist or cease to be an IRC § 501 (c)(3) organization, it will transfer its assets and property to the University University, or its the University’s assignee. For purposes of this section, a corporate reorganization, merger, or consolidation or a renaming of the Alumni Foundation shall not constitute a cessation of existence provided to the Alumni Foundation, or its successor, is if recognized as the affiliated Foundation of Montana State University University- Northern for the purposes outlined in Section 901.9 for the Montana University System Policy and Procedures Manual.

Winding Up Upon Dissolution. Consistent with provisions appearing in the provisions Foundation’s bylaws and its articles of Bylaws and Articles of Incorporation of the Alumni Foundationincorporation, should the entity Foundation cease to exist or cease to be an IRC § 501 (c)(3) organization, it will transfer its assets and property to the University University, or its the University’s assignee. For purposes of this section, a corporate reorganization, merger, or consolidation or a renaming of the Alumni Foundation shall not constitute a cessation of existence provided to the Alumni Foundation, or its successor, is if recognized as the affiliated Foundation of Montana State University University-Northern for the purposes outlined in Section 901.9 for the Montana University System Policy and Procedures Manual.

Winding Up Upon Dissolution. Consistent with the provisions of Bylaws and Articles of Incorporation of the Alumni Montana State University Foundation, Inc., should the entity cease to exist or cease to be an IRC § 501 (c)(3) organization, it will transfer its assets and property to the University GFC or its assignee. For purposes of this section, a corporate reorganization, merger, or consolidation or a renaming of the Alumni Foundation Montana State University Foundation, Inc. shall not constitute a cessation of existence provided to the Alumni Montana State University Foundation, Inc., or its successor, is recognized as the affiliated Foundation of Montana State University for the purposes outlined in Section 901.9 for the Montana University System Policy and Procedures Manual.

Winding Up Upon Dissolution. Consistent with the provisions of Bylaws and Articles of Incorporation of the Alumni Montana State University Foundation, should the entity cease to exist or cease to be an IRC § 501 (c)(3) organization, it will transfer its assets and property to the University or its assignee. For purposes of this section, a corporate reorganization, merger, or consolidation or a renaming of the Alumni Montana State University Foundation shall not constitute a cessation of existence provided to the Alumni Montana State University Foundation, or its successor, is recognized as the affiliated Foundation of Montana State University for the purposes outlined in Section 901.9 for the Montana University System Policy and Procedures Manual.