Article 16. Dissolution of the Association
A decision to dissolve the Association may only be made by the Ordinary General Meeting upon a proposal by not less than one-third (1/3) of the members. The proposal must be sent to the Board of Directors not less than three months before the date of the General Meeting. A decision regarding dissolution may be made when members collectively holding three-fourths (3/4) of the total number of votes are present and 3/4 of them vote in favour of the decision.
If the Ordinary General Meeting cannot adopt a resolution to dissolve the Association because it is inquorate, it may be decided by a simple majority of the votes present that a new General Meeting shall be convened upon 14 days' notice. A decision to dissolve the Association may then be made by three-fourths (3/4) of the votes cast.
The General Meeting that decides that the Association is to be dissolved shall also decide how the dissolution shall be effected and how the assets of the Association shall be utilised.