Constitution

Article 15: DISSOLUTION

  1. NASIMCO may at any time be dissolved by consent of at least ninety percent of the number of constituent members testified by their signatures to an instrument of dissolution provided that a resolution to this effect has been adopted at an Extraordinary Conference called for such a purpose.

  2. In the event of the dissolution of NASIMCO, assets of NASIMCO shall be handed over, on such terms and conditions, and to such other organization or organizations having similar aims and objectives as NASIMCO, as determined by the majority of delegates present at the said Conference.