ARTICLE XVI:  DISSOLUTION

 

Upon dissolution or final liquidation, the Board shall, after paying or making provision for the payment of all the lawful debts and liabilities of the Foundation, distribute consistent with relevant tax laws all assets of the Foundation to a nonprofit organization(s) qualified under the Code having similar aims and objects as the Foundation and which may be selected by the Board as an appropriate recipient of such assets.

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Bataan-Corregidor Memorial Foundation of New Mexico, Inc.