Bylaws of the Naval Helicopter Association, Inc

Article XII

Miscellaneous Provisions

Section 1. Voting: Except as otherwise stated in the Articles of Incorporation, these Bylaws, or by resolution of the Board of Directors, all issues and elections of this Association shall be decided by majority vote of a quorum of any duly called meeting of the General Members or Board.

Section 2. Fiscal Year: The fiscal year of the Association shall be from I January to 31 December inclusive.

Section 3. Dissolution: Upon the winding up and dissolution of this corporation, after paying or adequately providing for the debts and obligations of the corporation, the remaining assets shall be distributed to a nonprofit fund, foundation or corporation, which is organized and operated exclusively for charitable, educational or religious and/or scientific purposes and which has established its tax-exempt status under Section 50 1 (c)(3) of the Internal Revenue Code.

Section 4. Compensation: No part of the net earnings of this corporation shall ever inure to or for the benefit of or be distributed to its members, officers, or other private persons, except that the corporation shall be empowered to pay reasonable compensation for services rendered and to make payments and distributions in furtherance of the exempt purposes for which it was formed.

Section 5. Activities: Notwithstanding any other provisions of these articles, the corporation shall not carry on any other activities not permitted to be carried on by a corporation exempt from Federal income tax under Section 501(c)(6).