Constitution
Article XI - Ratification of the Constitution
This Constitution is ratified when it is approved by 60% of the Regular Members in good standing who vote.
Article XII - Dissolution of FAMTE
This Association may be dissolved only at a Business Meeting. Notification of the intention to dissolve the Association shall be sent to all members in good standing prior to the meeting. The resolution for dissolution shall be discussed at a Business Meeting. If the resolution to dissolve the Association is approved by more than 50% of the Regular Members in good standing who vote at the Business meeting, then FAMTE shall be dissolved.
Upon any such dissolution of the Association, all its property remaining after satisfaction of all its obligations shall be distributed to one or more nonprofit funds, foundations, or corporations which is organized and operated exclusively for educational purposes and has established its tax-exempt status under Section 501(C) (3) of the Internal Revenue Code. The determination of how to distribute the funds will be determined at the meeting at which the dissolution of FAMTE is decided.
Article XIII - Internal Revenue Code
This association qualifies for 501(c) (3) status under the Internal Revenue Code. As such, this association is organized exclusively for charitable purposes within the meaning of section 501 (c) (3) of the Internal Revenue Code.
Notwithstanding any other provision of these Articles, the association shall not carry on any other activities not permitted to be carried on by an organization exempt from Federal income tax as an organization described in section 501 (c) (3) of the Internal Revenue Code (or corresponding section of any future federal tax code.)