ByLaws


ARTICLE XIII
DISSOLUTION

Section 1: Transfer of assets. In accordance with the Articles of Incorporation and the amendments thereto, in the event this organization ceases to exist, all of the assets remaining shall be transferred to the Texas Lions Camp, provided that it is in existence and a qualified 501(c)(3) organization in accordance with the Internal Revenue Code. In the event the Texas Lions Camp is not in existence or is not in compliance with 501(c)(3) of the Internal Revenue Code at the time of such dissolution, the Board of Directors of the corporation, by majority vote, shall select a Lions organization exempt under the Internal Revenue Code 501(c)(3) to receive all assets of the Lions Organ and Eye Bank of District 2-E2, Inc. Under no circumstances shall any of the Corporation's assets ever be transferred, conveyed, received by, or inure to the benefit of any individual.

Section 2: Transfer of Endowment Fund. In the event of dissolution of the Lions Organ and Eye Bank of District 2-E2, Inc., the endowment funds, Lions Organ and Eye Bank of District 2-E2 Trust, shall be given in whole to Lions Clubs International Foundation to insure charitable use of these monies and assets. In the event that Lions Clubs International Foundation is no longer in existence, the fund shall be turned over to a similar non-profit charitable organization chosen by the Board of Directors.

These By-laws were approved for presentation at the Annual Meeting of the Corporation by the Board of Directors of Lions Organ and Eye Bank of District 2-E2, Inc. at a meeting on March 9, 2014.

These By-laws were approved at the Annual Meeting of Lions Organ and Eye Bank of District 2-E2, Inc. on April 12, 2014.

As Witnessed and Executed on by:
-Pam Ingram, Secretary LOEB
-Charles Bethards, President LOEB


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