[AUUG-Talk]: Wind up AUUG: Objections?
peterjeremy at optushome.com.au
Tue Oct 28 19:44:39 EST 2008
On 2008-Oct-28 10:44:11 +1100, Karl Auer <kauer at biplane.com.au> wrote:
>The key words here are "by way of dividend". I.e., profits can't be
>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).
IANAL but I would be really surprised if CAV agreed with your
interpretation. My understanding is that "assets can't be
distributed to members" is a requirement under the Act. I
suggest you get some advice from CAV or a lawyer.
The comment made later about the MacBook is irrelevant - title in the
MacBook remains with AUUG - the Board authorises the Treasurer to have
it in his posession to enable him to maintain the accounts.
Please excuse any delays as the result of my ISP's inability to implement
an MTA that is either RFC2821-compliant or matches their claimed behaviour.
-------------- next part --------------
A non-text attachment was scrubbed...
Name: not available
Size: 195 bytes
Desc: not available
More information about the Talk