Summary of 2017 Changes
Articles of Incorporation
Page 2, Article IV
Added this language "or alternatively, to such business league or leagues as shall at the time qualify as an exempt organization or organizations under Section 501(c)(6) of the Internal Revenue Code of 1986, as amended, or corresponding provisions of any subsequent Federal tax laws, as" so that any assets upon dissolution to go to a (c)(3) or (c)(6) entity, this gives us more flexibility.
Page 3, Omission
Article VI, formerly entitled "Registered Office and Registered Agent", listed our previous address. This specification is no longer required and was removed.
Page 3, Article VII
Removed listing of initial board of directors names and addresses.
Page 3, Article VIII
Added sections e) employees and f) agents and “or otherwise” to this sentence: The Corporation shall indemnify as a matter of right an Indemnitee who is wholly successful, on the merits or otherwise, in the defense of any such proceeding against reasonable expenses incurred by the person in connection with the proceeding without the requirement of a determination as set forth in the first sentence of this paragraph.