GHFA Constitution

37. Winding Up

(1) Subject to this Constitution the Association may be wound up in accordance with the Act.

(2) The liability of the Members of the Association is limited.

(3) Every Member undertakes to contribute to the assets of the Association if it is wound up while a Member, or within one year after ceasing to be a Member, for payment of the debts and liabilities of the Association contracted before the time at which it ceases to be a Member and the costs, charges and expenses of winding up the Association, such an amount not exceeding one dollar ($1.00).

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