Statutes
Statutes

Statutes of the Association of Federations and Associations of Businesswomen of the Mediterranean. AFAEMME


Heading IV – Fusion and Dissolution

Article 32 – Dissolution. Quorum

The dissolution or the fusion with another entity of AFAEMME will be agreed to by the extraordinary General Assembly and will need a majority vote of two thirds of the members present or represented.

The cases for dissolution will be:

  1. By agreement of the General Assembly, adopted with the requisites and the majority established for the modification of Statutes.
  2. By the clear impossibility of achieving its goals.

Article 33 - Liquidation

A Liquidators Commission, designated in the Extraordinary Assembly, will carry out the liquidation of AFAEMME which can itself, establish directives that must be complied with. The Commission will deliver the assets to a Beneficiary Institution or non-profit Organization, with work of a nature similar to that of AFAEMME.

 
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