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Different groups do it different ways. In a true reorganization most groups place all collegiate members on alum status and start over with a new group. If it is Fraternity Assisted COB then they national group would probably help advertise and rush the members but not place the collegiates on alum status.
There is a rule in NPC that you can reorganize within one calendar year without losing your "spot" on campus but you do not need to be gone for a specified period before begining the reorg.
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