Not exact matches
Scott said the group would look to
dispose some minority
assets with funds raised going towards the faster growing parts
of the business,
such as data, technology and digital services.
Any
of such assets not so
disposed of shall be
disposed of by the Court
of Common Pleas
of the County in which the principal office
of the Association is then located, exclusively for
such purposes or to
such organization or organizations as said Court shall determine, which are organized and operated exclusively for
such purposes.
In the event
of dissolution or termination
of the Association, the Board shall, after the payment
of all
of the liabilities
of the Association,
dispose of all
of the
assets of the Association exclusively for the objectives
of the Association, in
such manner, or to
such organization or organizations organized exclusively for charitable, educational, or scientific purposes as shall at the time qualify as an exempt organization or organizations under Section 501 (c) 3
of the Internal Revenue Code
of 1954 (or the corresponding provision
of any future United States Internal Revenue Law) as the Board shall determine.
Upon dissolution
of G - CASE, the Executive Board shall, after paying or making provisions for the payment
of all liabilities,
dispose of all the
assets exclusively for the purposes
of G - CASE in
such manner, or to
such organizations
such as the Council for Administrators
of Special Education; the Georgia Council for Exceptional Children; and / or the Georgia Administrators
of Educational Leadership, the purposes
of which are to serve the needs
of exceptional children.
Pursuant to the Plan, the Company is also authorized to
dispose of its remaining non-cash
assets, on
such terms and at
such prices as the Company's board
of directors, without further shareholder approval, may determine to be in the best interests
of the Company and its shareholders, to pay or make reasonable provision to pay all claims against and obligations
of the Company, to make
such provisions as will be reasonably likely to be sufficient to provide compensation for any claim against the Company which is the subject
of a pending action, suit or proceeding to which the Company is a party, to distribute on a pro rata basis to the shareholders
of the Company the remaining
assets of the Company, and, subject to statutory limitations, to take all other actions necessary to wind up and liquidate the Company's business and affairs.
Discovery may be made, for example,
of documents,
such as: income and
asset documents; expense and debt documents; documents relating to the parents ability to parent; documents relating to businesses; and documents which show a spouse has
disposed of money.
Focusing on
such assets should allow the REIT to amass a sizeable portfolio quickly, given most REITs» desire to
dispose of non-core
assets, says Cedrik Lachance, managing director with Green Street Advisors, a Newport Beach, Calif. - based independent research and consulting firm.