Section 38Dissolution of Association by resolution of proprietors

Section 38: Dissolution of Association by resolution of proprietors

38. Dissolution of Association by resolution of proprietors

* * * The said Association may at any time be dissolved by a resolution to that effect of two-thirds in number and value of the proprietors qualified to vote at two successive extraordinary meetings specially called for the purpose of taking into consideration the expediency of such dissolution; provided that not less than three months shall have elapsed between the first and second of such two extraordinary meetings.

Amendment notes (1)
  1. 1omitted The words “And it is hereby enacted, that” omitted by Act 12 of 1891, s. 2 and Sch. I.