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<br />disbursements. The Corporation may, but shall not be required to indemnify agents or <br />employees of the Corporation other than directors and officers to the fullest extent permitted by <br />law as determined by the Board of Directors from time to time. <br /> <br />The Corporation may purchase and maintain insurance on behalf of any person and such <br />person's official capacity against any liability asserted against and incurred by such person in or <br />arising from that capacity, whether or not the Corporation would otherwise be required to <br />indemnify the person against the liability. <br /> <br />ARTICLE IX. <br />Miscellaneous <br /> <br />Section 1. FISCAL YEAR. The Fiscal year of the Corporation shall begin on the 1st <br />day of January and end on the 31st day of December in each year. <br /> <br />Section 2. SEAL. The Corporation shall have no seal and none shall be required to <br />bind the Corporation on any document. <br /> <br />Section 3. AMENDMENTS. These Bylaws maybe altered, amended or repealed by <br />the Board of Directors at any regular or special meeting of the Directors to the full extent <br />permitted by law provided that any alteration or amendment is approved by the members of the <br />Corporation. <br /> <br />Section 4. DISSOLUTION. The Corporation may be dissolved by the approval of <br />the Board of Directors at any regular or special meeting of the Directors to the full extent <br />permitted by law provided that any dissolution is approved by the members of the Corporation. In <br />the event of the dissolution of the Corporation, the entitles shall be entitled to its proportionate <br />share of the Corporation's funds. Payment to the entity shall be made as follows: <br /> <br />(a) <br /> <br />An immediate payment of its proportionate share of any cash that <br />has not been committed for loans; and <br /> <br />(b) <br /> <br />Its proportionate share of all payments received by the Corporation <br />from borrowers on outstanding loans including loans made from <br />committed funds at the time of dissolution, as such payments are <br />received by the Corporation. <br /> <br />Adopted this 15th day of June, 1993. <br />Amended this 28th day of October, 2004 <br /> <br />Director <br /> <br />Director <br /> <br />Director <br /> <br />Director <br /> <br />Director <br />