Page 17 - AMC Constitution 2020

14. WINDING UP

The Association may be wound up in the manner provided for in the Act.

Winding up is normally by the passing of a Special Resolution by the members of the
Association and in accordance with the Act.

15 APPLICATION OF SURPLUS ASSETS

a) If after the winding up of the Association there remains ‘surplus assets’ as defined in the
Act, such surplus assets shall be distributed to any organisation which has similar
objects and has rules which prohibit the distribution of its assets and income to its
members.

b) Such organisation or organisations shall be identified and determined by a resolution of
members in General Meeting of the Association at or before the time of dissolution,
and in default, thereof by such Judge of the Supreme Court of South Australia as may
have or acquire jurisdiction in the matter.

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AMC Constitution Page 17 of 17