As enactedVersion · As enacted
12. Dissolution or Winding up
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In the event of the dissolution or winding up of the Corporation if there remains after the satisfaction of all its debts and liabilities any property whatsoever, the same shall be given cr transferred to some society or institution having objects similar to the objects of the
Corporaiton, at the discretion of the Board of Trustees, at the time of such winding up or dissolution.