WILLIAM DONALD SCHAEFER, Governor                        Ch. 6

(b) Upon the dissolution of the Council, the Council, after
paying or making provision for the payment of all of the
liabilities of the Council, shall dispose of all of the assets of
the Council exclusively for the purposes of the Council in such
manner, or to such organization or organizations organized and
operated exclusively for charitable, educational, religious., or
scientific purposes as at the time shall qualify as an exempt
organization or organizations under § 501(c)(3) of the Internal
Revenue Code of [1954] 1986 (or the corresponding provision of
any future United States internal revenue law), as the Council
determines. Any such assets not so disposed of shall be disposed
of by the circuit court for the county in which the principal
office of the Council is located, exclusively for such purposes
or to such organization or organizations, as the court
determines, which are organized and operated exclusively for such
purposes.

DRAFTER'S NOTE:

Error: Obsolete reference in Article 20, § 1-103.

Occurred: Reference became obsolete upon the passage
of the Federal Tax Reform Act of 1986.

Article 20A - Tri-County Council of Western Maryland

1-103.

(b) (1) Upon the dissolution of the Council, the Council,
after paying or making provision for the payment of all of the
liabilities of the Council, shall dispose of all of the assets of
the Council exclusively for the purposes of the Council in such
manner, or to such organization or organizations organized and
operated exclusively for charitable, educational, religious, or
scientific purposes as at the time shall qualify as an exempt
organization or organizations under § 501(c)(3) of the Internal
Revenue Code of [1954] 1986 (or the corresponding provision of
any future United States internal revenue law), as the Council
determines.

DRAFTER'S NOTE:

Error: Obsolete reference in Article 20A, §
l-103(b)(l).

Occurred: Became obsolete upon the passage of the
Federal Tax Reform Act of 1986.

Article 23 - Miscellaneous Companies

182.

- 819 -