Bylaws of the Suffield PlayersArticle X — Dissolution
Section 1. Manner. Authorization for the dissolution of the Corporation shall be effected in the following manner:
Section 2. Cessation of Activity. Upon members' adoption of the resolution, the Corporation shall cease to conduct its affairs except as may be necessary to notify creditors, collect assets and apply and distribute them, pursuant to a resolution duly adopted, as provided under the applicable laws of the state of Connecticut.
Section 3. Distribution of Assets. No plan of distribution of assets may be adopted which allows such assets to be distributed in any manner or to any organization(s) other than in such a manner which disposes of all assets of the Corporation exclusively as an exempt organization or organizations under Section 501(c)(3) of the Internal Revenue Code of 1954 (or the corresponding provision of any future United States Internal Revenue Law).  Such property may be used by said group with the understanding that it will be returned to this Corporation should it re-form within five (5) years of the date of dissolution.  The real property of the Corporation will be transferred in accordance with the title restrictions existing thereon.