Title V - Amendment of statutes, Dissolution, Liquidation
Article 17. Conditions of amendments of statutes and of dissolution-liquidation
Without prejudice of the clauses of the Belgian Code of Societies and Associations applicable toInternational Non-Profit Associations, any proposal aiming at an amendment of the statutes or at the dissolution of the Association shall be considered first by the Executive Board which will then communicate its recommendations to the Board.
In the case of the proposal of the dissolution of the Association the Board has to submit the proposal for a vote to all members of the Association. The vote will be done by e-mail.
To deliberate validly on the proposal requires a quorum of 2/3 of the votes of the members of the Association. No decision will be taken if it is not voted by a majority of 4/5 of the voting members.
In case the quorum of 2/3 is not reached, within three months and, at the earliest, in the month following the date fixed for the first vote, the Board will re-submit the proposal to all the members of the Association and deliberate definitely and validly on the proposal, on the basis of 4/5 of the voting members, whatever the number of members taking part in the vote.
The amendments to the statutes become effective only after having accomplished the formalities required by the Belgian Code of Societies and Associations applicable to International Non-Profit Asociations and after publication in the Annexes of the Belgian Offical Gazette.
Upon proposal of the Executive Board, the Board decides the manner according to which the Association will be dissolved.
The Board decides on the attribution of possibly remaining net assets of the Association after dissolution.
The net assets of the Association left after dissolution will be assigned to a private law corporate body pursuing similar non-profit aims or, in absence, in a disinterested manner.
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