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ARTICLE XIV: ASSETS AND LIABILITIES
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Section 1. INTEREST OF MEMBERS. All interest of each member in the funds, investments and other assets belonging to the Council shall immediately terminate in the event that the membership of such member in the Council shall terminate for any reason except through the dissolution of the Council. In the event of such termination, such member and the representatives of such member shall have no claim on account of such assets against the Council, or against the other members or their representatives or any of them.
Section 2. DISTRIBUTION OF ASSETS ON DISSOLUTION. Upon the dissolution of the Council, and after payment of all indebtedness of the Council, any remaining funds, investments and other assets of the Council shall be divided among the then members of the Council in proportion to the amount of dues paid by them respectively during the five (5) calendar years preceding the calendar year in which such dissolution takes place.
