CHAPTER X
DISSOLUTION AND LIQUIDATION:
ARTICLE 32:
The Assembly may not decree the
dissolution of LACNIC as long as there are a number of members willing to
support it, and to ensure the regular functioning of its social organs. Should
dissolution become effective, the liquidators will be designed, and these can
be the Board itself, or any other members committee which the Assembly
designates. The Fiscal Commission must oversee the liquidation operations of
LACNIC. Once debts are paid in full, the remainder of the goods owned will be
destined to a charity organization, established legally in the country and
exempt from all taxes at national, state and municipal level. The recipient of
these goods will be designated by the dissolution Assembly.
* Article modified at the Member
Assembly held on 29 May, 2008.
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