Union under COS 18?

[Free Flight]

15. DISSOLUTION OF THE ASSOCIATION

1. 15.1. The Association in General Meeting may at any time resolve to dissolve the Association, and upon so doing, will appoint one or more liquidators to supervise the liquidation of the assets and liabilities of the Association and will give directions as to the disposal of the Minutes Books, Register of Members, Account Books and other books, documents and papers of the Association and other properties for which buyers are not likely to be found, as to the period in which liquidation is to be effected and as to the distribution or disposal of the funds or other assets of the Association.
   
2. 15.2. Upon the appointment of a liquidator or liquidators he or she (or if more than one, then they jointly) will be deemed to be exclusively vested with the powers, rights and authorities conferred upon the General Committee and every Officer of the Association.
   
3. 15.3. In the event that any liquidator will die, become bankrupt or refuse or become unable to act as liquidator, then the person who at the date of the resolution to dissolve the Association held office as Secretary will convene a General Meeting within seven days to appoint a new liquidator.
   
4. 15.4. The liquidator or liquidators may be paid such remuneration as the Association in General meeting may determine, out of the funds of the Association.
   
5. 15.5. The General Meeting resolving upon dissolution of the Association may direct that the whole or any part of any surplus funds of the Association remaining after realisation of all assets and payment of all debts and discharge of all liabilities, be applied in any manner allowed under the Rules which may be consistent with liquidation of the Association and or may be distributed equally amongst the persons who at the date of the resolution to dissolve were Members of the Association.
   
6. 15.6. Upon completion of liquidation of the affairs of the Association but before making final disposal of the liquid funds of the Association remaining after payment of all debts and discharge of all liabilities, the liquidator will prepare the final accounts of the Association showing the intended final disposal of such funds, and will present the same together with his report on the liquidation to the Association in General Meeting, and if such accounts and report will be accepted the Association will then be deemed to be dissolved and the liquidator will as soon as possible thereafter effect final disposal of such funds.