ordenanza nº 118-2004-mdsmp - Municipalidad de San Martín de ...

7. If upon winding up or dissolution of the Association there remains, after the satisfactionof all its debts and liabilities, any property whatsoever, the same shall not be paid to ordistributed among the Members of the Association, but shall be given or transferred tosome other institution or institutions having objects similar to the objects of theAssociation, and which shall prohibit the distribution of its or their income and propertyamong its or their members to an extent at least as great as is imposed on theAssociation under or by virtue of Clause 4 hereof, such institution or institutions to bedetermined by the Members of the Association at or before the time of dissolution andif and so far as effect cannot be given to such provision, then to some charitable object.Page 4 T:\05 ADMIN & HR\GENERAL\Memorandum & Articles of Association\2008\Mem & Arts as AMENDED at AGM21 May 2008.doc©Association of Optometrists 2002 - any unauthorised copying or distribution of this document is prohibited