Littlefield Collection & Auction

[Duane Leiker]

I don't know where you come up with a non profit to non profit only asset transfer. This is what I found in the non profit corporate codes and is not verbatim. Do I have the wrong codes???

A non profit does not have to liquidate its assets to another non profit. If the non profit board votes (75%+ shareholders) to auction or sell, it can for the benefit of the non profit. Also, if the non profit files "dissolution", it can liquidate assets in auction or sell assets to anyone or organization to cover debts.

I have seen other non profits auction material off and felt the statement strange. **** I am NOT trying to get into a pis-ing contest or create ill feelings with anyone. **** I felt the statement incorrect and looked it up. This is what I found. Thats all.