Section 1. In the event that the Otowi Bridge Chapter or its governing officers failed to act according to these bylaws, its policies or all PMI® policies, procedures, and rules outlined in the charter agreement, PMI® has a right to dissolve the Otowi Bridge Chapter.
Section 2. In the event the Otowi Bridge Chapter failed to deliver value to its members as outlined in Otowi Bridge Chapter’S business plan and without mitigated circumstance, the Chapter acknowledges that PMI® has a right to dissolve the Otowi Bridge Chapter, as per the terms of the Charter.
Section 3. In the event the Otowi Bridge Chapter is considering dissolving, the Otowi Bridge Chapter’S members of the Board of Director must notify PMI® in writing and follow the Chapter dissolution procedure as defined in PMI’s policy.
Section 4. Should the Otowi Bridge Chapter dissolve for any reason, its assets shall be dispersed to a charitable organization designated by the voting membership after the payment of just, reasonable and supported debts, consistent with applicable legal requirements.