Page 15 - 2020-1016-027 Board Meeting Documents for October 16
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ARTICLE VIII
The officers and directors shall not be individually liable for the corporation’s
debt (or other liabilities), and the property of such individuals shall be exempt from
any corporate debts or liabilities.
ARTICLE IX
No person shall possess a property right in or to the property or assets of the
corporation. Upon the dissolution of the corporation, all assets not otherwise disposed
of an not subject to any trust shall be distributed exclusively to charitable, religious,
scientific, or educational organizations which would then qualify them under the
provisions of §501(c)(3) of the Internal Revenue Code and its Regulations as they now
exist of as they may hereinafter be amended.
ARTICLE X
The authorized number and qualifications of members of this corporation,
difference classes of membership, if any, the property, voting and other rights and
privileges of each class of membership and the liability of each or all classes to dues or
assessments and the method of collection thereof shall be set forth in the By-Laws of
this corporation.
ARTICLE XI
These Articles of Incorporation may be amended only by the majority vote, or
written consent of all members in good standing upon a resolution submitted by the
board of directors.
The above and foregoing Amended, Articles of Incorporation were approved and
adopted by the Board of Directors on October 1, 2020.
JA Guam Articles of Incorporation (Amended October 1, 2020) 4 | P a ge