[AUUG-Talk]: Wind up AUUG: Objections?

[Karl Auer]

On Tue, 2008-10-28 at 10:07 +1100, Kevin Dawson wrote:
> On Tue, 2008-10-28 at 09:14 +1100, Karl Auer wrote:
> > 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

The key words here are "by way of dividend". I.e., profits can't be
distributed.

Passing assets to individuals or groups of individuals *for the good of
the group* is not affected by rule 28.

Really: There is no legal or constitutional barrier to giving anything
we choose to anyone we choose, within the limits I've mentioned (good
faith, benefit to the association, applicable law).

Regards, K.

-- 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Karl Auer (kauer at biplane.com.au)                   +61-2-64957160 (h)
http://www.biplane.com.au/~kauer/                  +61-428-957160 (mob)

GPG fingerprint: DD23 0DF3 2260 3060 7FEC 5CA8 1AF6 D9E3 CFEE 6B28

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