(a) Dissolution of Board of Directors of Corporation.—Effective on the date of enactment of a joint resolution described in section 220551(2)(A) with respect to the board of directors of the corporation, such board of directors shall be dissolved.

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

(b) Termination of Recognition of National Governing Body.—Effective on the date of enactment of a joint resolution described in section 220551(2)(B) with respect to a national governing body, the recognition of the applicable amateur sports organization as a national governing body shall cease to have force or effect.