In the event of dissolution of the compact, which may be accomplished only by legislative act, the residual assets shall be turned over to another public corporation or organization which is exempt from federal income tax as an organization described in Section 501(c)(3) of the Internal Revenue Code.
Structure Code of Alabama
Chapter 44A - Alabama Compact for Leadership and Citizenship Education.
Article 1 - General Provisions.
Section 16-44A-1 - Legislative Intent.
Section 16-44A-3 - Frequency and Purpose of Membership Meetings.
Section 16-44A-5 - Non-Profit Public Corporation.
Section 16-44A-6 - Board of Directors; Election, Composition, Term.
Section 16-44A-7 - Representation of the Board of Directors Members; Meetings of Board.
Section 16-44A-8 - Governor of Alabama as Ex Officio President; Election of Chair and Vice-Chair.
Section 16-44A-10 - Membership and Fiscal Year; Dues.
Section 16-44A-11 - Creation of Advisory Committees; Purpose and Composition.
Section 16-44A-13 - Programs and Experiences Encouraged and Supported by Compact.
Section 16-44A-14 - Powers of Board of Directors.
Section 16-44A-15 - Remuneration of Board of Directors Members.
Section 16-44A-17 - Distribution of Residual Assets in the Event of Dissolution of Compact.