12. Property remaining on dissolution

If upon the dissolution of the Corporation, there remains after the satisfaction of all debts and liabilites, any property, whatsoever, such property shall not be distributed among the members of the Corporation but shall be given or, transferred to some other society or societies handing objects similar to those of the Corporation and which is or are by the rules thereof prohibited from distributing any income or profit among its or their members. such society or societies shall be determined by the members of the Corporation at or immediately before the time of dissolution of the Corporation.