ARTICLE
XV - DISSOLUTION
Upon
the liquidation or dissolution of the corporation, after payment
of all of the liabilities of the corporation or due provision
therefor, all of the assets of the corporation shall be disposed
of to one (1) or more organizations exempt from Federal income
tax under Section 501 (c) (6) of the Internal Revenue Code.
All
reference herein: (i) to the Internal Revenue Code shall be
deemed to refer to the Internal Revenue Code of 1986, as now in
force or hereafter amended; (ii) to the General Laws of the
Commonwealth of Massachusetts, or any chapter thereof, shall be
deemed to refer to said General Laws or chapter as now in force
or hereafter amended; and (iii) to particular sections of the
Internal Revenue Code or the General Laws of the Commonwealth of
Massachusetts shall be deemed to refer to similar or successor
provisions hereafter adopted.
