reg 76
In forceWinding up and cancellation
76 Winding up and cancellation
(1)
The Association may be wound up voluntarily by special resolution.
(2)
In the event of the winding up or the cancellation of the incorporation of the Association, the surplus assets of the Association must not be distributed to any members or former members of the Association.
(3)
Subject to the Act and any court order made under section 133 of the Act, the surplus assets must be given to a body that has similar purposes to the Association and which is not carried on for the profit or gain of its individual members.
(4)
The body to which the surplus assets are to be given must be decided by special resolution.
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