Suying Plaskett
President
PURPOSES AND LIMITATIONS
2.1 GENERAL. THE CORPORATION IS A NONPROFIT PUBLIC BENEFIT CORPORATION AND IS NOT ORGANIZED FOR THE PRIVATE GAIN OF ANY PERSON. IT IS ORGANIZED UNDER THE NONPROFIT PUBLIC BENEFIT CORPORATION LAW PRIMARILY FOR PUBLIC BENEFIT AND CHARITABLE PURPOSES.
2.2 SPECIFIC PURPOSES. THE SPECIFIC PURPOSE OF THE CORPORATION IS TO SUPPORT CHINESE IMMIGRANTS ASSIMILATING INTO THE SACRAMENTO COMMUNITY, TO PROVIDE SPACE FOR THE ENHANCEMENT OF CHINESE COMMUNITY DEVELOPMENT, AND TO PROMOTE AWARENESS AND UNDERSTANDING OF CHINESE CULTURE AND TRADITIONS, SPECIFICALLY WITHIN THE SACRAMENTO CHINESE COMMUNITY.
2.3 LIMITATIONS. THE CORPORATION IS ORGANIZED AND OPERATED PRIMARILY FOR PUBLIC BENEFIT CHARITABLE PURPOSES AND SHALL CARRY OUT ITS PURPOSES THROUGH ITS DIRECT ACTIVITIES AND THROUGH DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS TAX-EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AS AMENDED.
2.4 CHARITABLE DEDICATION OF ASSETS. THE PROPERTY OF THE CORPORATION IS IRREVOCABLY DEDICATED TO PUBLIC BENEFIT CHARITABLE PURPOSES AND NO PART OF THE NET EARNINGS OF THE CORPORATION SHALL INURE TO THE BENEFIT OF ITS DIRECTORS, TRUSTEES, OFFICERS, PRIVATE SHAREHOLDERS OR MEMBERS, OR TO ANY INDIVIDUAL. ON WINDING UP AND DISSOLUTION OF THE CORPORATION, THE REMAINING CORPORATE ASSETS SHALL BE DISTRIBUTED TO AN ORGANIZATION (OR ORGANIZATIONS) THAT IS ORGANIZED AND OPERATED EXCLUSIVELY FOR PUBLIC BENEFIT CHARITABLE PURPOSES AND THAT IS TAX-EXEMPT UNDER INTERNAL REVENUE CODE § 501(C)(3), AS AMENDED, OR CORRESPONDING PROVISIONS OF ANY FUTURE FEDERAL INTERNAL REVENUE CODE LAW.
2.5 NONVOTING MEMBERS. THE CORPORATION SHALL HAVE NO MEMBERS WITHIN THE MEANING OF SECTION 5056 OF THE CALIFORNIA NONPROFIT CORPORATION LAW. THE CORPORATION’S BOARD OF DIRECTORS MAY, IN ITS DISCRETION, ADMIT INDIVIDUALS TO ONE OR MORE CLASSES OF NONVOTING MEMBERS (“NON-VOTING MEMBERS”); THE NONVOTING CLASS OR CLASSES FOR THE NON-VOTING MEMBERS SHALL HAVE SUCH RIGHTS AND OBLIGATIONS AS THE BOARD FINDS APPROPRIATE.