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EIBA ltd yearbook 2016 - 2017

130 7 DISSOLUTION If at any General Meeting a resolution for the dissolution of the Association is passed by a majority of the Members present and entitled to vote and if that resolution is confirmed by a resolution passed by a majority of three quarters of the Members present and entitled to vote at a Special General Meeting held not less that one month after the meeting, the Board must immediately or at such future date as specified in the Resolution proceed to realise the property of the Association, and after the discharge of liabilities must divide the remainder among the Member Clubs affiliated to the Association as at the date of the Special General meeting referred to above. Such division shall be pro-rata according to the proportion by which the number of registered members belonging to each such Member Club as at the date of dissolution bears to the total number of members registered to all the Member Clubs as at that date. Upon completion of the division, the Association will be dissolved. 8 WINDING-UP Every Member of the Association undertakes to contribute to the assets of the Association in the event of the Association being wound up while they are members or within one year after they cease to be members for payment of debts and liabilities of the Association contracted before they cease to be a member and of the costs charges and expenses of winding up and for the adjustment of the rights of the contributories among themselves such amount as may be required not to exceed one pound (£1.00)


EIBA ltd yearbook 2016 - 2017
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