[AUUG-Talk]: Wind up AUUG: Objections?
Kevin Dawson
kevind at esi.com.au
Tue Oct 28 10:07:42 EST 2008
On Tue, 2008-10-28 at 09:14 +1100, Karl Auer wrote:
> On Mon, 2008-10-27 at 23:14 +1100, Kevin Dawson wrote:
> > With winding up, I agree - it's spelt out by both the Constitution and
> > the Act. The problem I saw was that we don't have any reference to
> > trading or disposing of assets, except that they can't go to members.
>
> Of course assets can go to members! But like any other action we take,
> it must be done in good faith, for the good of the association, and
> otherwise within the law. We can give assets to anyone we choose,
> including members, and for any reason.
No, we can't.
During normal life:
* Constitution section 28
At winding-up:
* Constitution section 33.3
* the Act section 33A (3) (a)
Kevin
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