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constitution:viii

Article VIII: Disposition of Assets in the Event of Dissolution of the Association

Section 1. Property of the Association

Should this Association cease to exist, all its property shall be held in trust by the University for a period of not less than five years. If any general student association be formed and recognized within a five-year period by a majority vote of registered students at the University during an election in which over 15 percent of said students voted, then all such property so held shall remain and belong to this successor organization. If no such general student organization succeeds to the present Association within the specified five years, unqualified title to all the property of the Association shall then be vested in the University.

Section 2. Property in the Custody of the Association

Should this Association cease to exist, property in the custody of the Association, including monies deposited in the Students’ Organizations Fund, shall, if the owner organization continues in existence, be held by the University for the owner organization upon the same terms and conditions as the Association held such property.

constitution/viii.txt · Last modified: 2012/10/29 21:07 by trusheim