12. Property remaining on dissolution

If upon the dissolution of the Corporation, there remains, after the satisfaction of all debts and liabilities, any property whatsoever, such property shall not be distributed among the members of the Corporation, but shall be given or transferred to some other Association or Associations having objects, similar to the objects of the Corporation and which is or are, by the rules thereof prohibited from

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The Future World Organization (Incorporation)

Act, No. 50 of 2009

distributing any income or property among its or their members. Such Association or Associations shall be determined by members of the Corporation at, or immediately before, the time of dissolution of the Corporation.