Upon winding up or dissolution of the Valley Community Theatre, all its remaining assets after payment of its debts shall be distributed to one or more qualified donees. The Executive Board will vote to determine the donees that will be chosen and ensure that all assets (both monetary and equipment) are delivered to the chosen donees. The Executive Board will inform the Greater City of Sudbury of the organization’s dissolution and the final disbursement of assets.
Qualified donees, shall be a registered charitable or not-for profit arts and culture organization in the Municipality of the Greater City of Sudbury such as:
*Disadvantaged Youth Performing Arts Education
*Festivals for Arts and Culture activities