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Income-Generating Activities - Action Against Hunger

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Field handbook • Scientific and Technical Department<br />

15. Group reform and liquidation<br />

15.1. The Group activities are stopped on liquidation and its rights and obligations<br />

cannot be passed on to other people.<br />

15.2. The Group can be liquidated by the decision of General Assembly or court.<br />

15.3. The General Assembly can take the decision on liquidation only by unanimous<br />

vote.<br />

15.3.1. The decision of the General Assembly on liquidation comes into force<br />

from the moment of approval by the Council.<br />

15.4. The liquidation commission, in case of the Group’s liquidation, uses the remaining<br />

property (after making obligatory payments and meeting the needs<br />

of creditors), as defined by the body that has taken the decision on liquidation<br />

in order to carry out the Group Legislations objectives.<br />

15.5. The Group can be reorganised by the decision of the General Assembly according<br />

to the defined procedure.<br />

INCOME GENERATING ACTIVITIES: A KEY CONCEPT IN SUSTAINABLE FOOD SECURTIY<br />

133

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