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Article X

PROHIBITION AGAINST SHARING IN EARNINGS OR ASSETS; DISSOLUTION

No Director, Member, Officer, employee, member of a committee, or other person connected with the Forum, or any other private individual, shall receive at any time any of the net earning or pecuniary profit from the operations of the Forum, except for reasonable compensation for services rendered by an employee in effecting any of the Forum’s purposes. No loans may be made by the Forum to any Officer or Director. No such person shall be entitled to share in the distribution of any of the assets upon the dissolution of the Forum. All Directors and Officers of the Forum shall be deemed to have expressly consented and agreed that upon such dissolution or winding up of the affairs of the Forum, the assets of the Forum shall be distributed, transferred, conveyed, delivered and paid over to such eleemosynary institution or institutions serving leadership development purposes in Buncombe County or the surrounding region upon such terms and conditions and in such amounts and proportions as the Board of Directors may determine, to be used by such institutions for the same or similar purposes as the LEADERSHIP ASHEVILLE programs.