BYLAWS OF ATLANTIC CITY MUSICIANS AFM LOCAL 661-708

BYLAWS OF ATLANTIC CITY MUSICIANS' ASSOCIATION LOCAL 661-708

AMERICAN FEDERATION OF MUSICIANS

ARTICLE XV: DISSOLUTION

Section 1 Dissolution of this Local may be a effected only by a secret ballot vote of 90% of its members in good standing.

Section 2 This Local may not dissolve, secede, or disaffiliate from the AFM or otherwise cease to exist without the approval of the President of the AFM or the International Executive Board. If this Local dissolves, secedes, disaffiliates, or its charter is revoked or canceled, or it otherwise ceases to exist, its Officers must turn over all records, funds, assets, and property to the President of the AFM or representative to be held by the International Executive Board for a determination of distribution. Under no circumstances may this Local distribute or dissipate its funds, assets, or property, or any part thereof, among its members or others in anticipation of or in preparation for dissolution, secession, disaffiliation, or cessation.