ARTICLE XIII – DISSOLUTION

 

In the event of the dissolution of the corporation, all of its debts shall first be fully satisfied. None of its assets or holdings shall be divided among the members or other individuals, but shall be irrevocably designated by the Elders prior to dissolution to such other nonprofit religious corporations which are in agreement with the letter and spirit of the Doctrinal Statement adopted by this church, with purposes similar to that identified in Article II of these Bylaws, and in conformity with the requirements of the United States Internal Revenue Service (IRS) Code.