Liquidation and removal from the register

Liquidation and removal from the register

Resolving to put SCANZ into liquidation

1. SCANZ may be liquidated in accordance with the provisions of Part 5 of the Act.
2. The committee shall give 6 weeks written notice to all subscribing members of the proposed resolution to put SCANZ into liquidation.
3. The committee shall also give written notice to all subscribing members of the general meeting at which any such proposed resolution is to be considered. The notice shall include all information as required by section 228(4) of the Act.
4. Any resolution to put SCANZ into liquidation must be passed by a simple majority of all subscribing members present and voting.

Resolving to apply for removal from the register

1. SCANZ may be removed from the Register of Incorporated Societies in accordance with the provisions of Part 5 of the Act.
2. The committee shall give 6 weeks written notice to all subscribing members of the proposed resolution to remove SCANZ from the Register of Incorporated Societies.
3. The committee shall also give written notice to all subscribing members of the general meeting at which any such proposed resolution is to be considered. The notice shall include all information as required by section 228(4) of the Act.
4. Any resolution to remove SCANZ from the Register of Incorporated Societies must be passed by a simple majority of all subscribing members present and voting.

Surplus assets

1. If SCANZ is liquidated or removed from the Register of Incorporated Societies, no distribution shall be made to any member or other individual.
2. On the liquidation or removal from the Register of Incorporated Societies of SCANZ, its surplus assets — after payment of all debts, costs and liabilities — shall be vested in a similar historical reenactment not-for-profit entity/entities in New Zealand.
3. However, in any resolution under this rule, SCANZ may approve a different distribution to a different not-for-profit entity from that specified above, so long as SCANZ complies with this constitution and the Act in all other respects.