NIHL By-laws

Article 10 - Dissolution

10.1 In the event the Board of Directors determines that NIHL can no longer fulfill its stated purpose, the Board of Directors shall provide for an orderly winding down of the league’s affairs. Upon dissolution, any remaining assets shall be distributed for one or more exempt purposes within the meaning of section 501(c)(3) of the Internal Revenue Code (or the corresponding section(s) of any future federal tax code) or shall be distributed to the federal government, or to a state or local government, for public purposes.