ID | 242 |
---|---|
Article | Gifts to the Corporation |
Sequence | 8 |
Body | Notwithstanding any provision in these bylaws or in any instrument of transfer creating or adding to a fund of this corporation, and in accordance with the articles of incorporation of this corporation, the Board of Directors shall have the power to modify any restriction or condition on the distribution of funds for any specified charitable purposes or to specific organizations, if in the sole judgment of the Board of Directors (without the necessity of the approval of any participating trustee, custodian, or agent), such restriction or condition becomes, in effect, unnecessary, incapable of fulfillment, or inconsistent with the charitable needs of the world. The Board of Directors shall exercise this power by the affirmative vote of a majority of all the directors then in office. |
Changes | |
Note | |
User | Lynn Clarke |
Revision Date | Dec 23, 2019 |