Can the Directors of Seed Savers Exchange divide its assets among themselves?
No. Seeds Savers Exchange’s assets can only be used in compliance with its charitable purposes. The charitable assets of Seed Savers Exchange cannot be used for profit or to enrich any individual. The Directors of Seed Savers Exchange are unpaid volunteers who cannot gain financially from a merger or dissolution of the organization, and who are bound by fiduciary duties to the organization.
