XII. DISSOLUTION

XII. DISSOLUTION 2018-03-13T18:12:54+00:00

ARTICLE XII – DISSOLUTION

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Section 1:  Dissolution of the VHGA shall occur upon a 3/4 vote of the membership or the loss of non-profit corporate status with the Vermont Secretary of State, which has not been corrected for a period of five years.

Section 2:  In the event of dissolution, the assets of the VHGA shall be turned over to the any local non profit group willing to take responsibilities to manage existing VHGA flying sites. If there are no local groups available, then the assets shall be turned over to the Foundation for Hang Gliding and Paragliding, Inc., its successor in interest, or in the event that the Foundation has been dissolved, to a non profit entity, hopefully with a commitment to foot launched human flight.

 

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