What is the opening of the liquidation of the association?

The liquidation of the association begins with the decision of the general meeting of association members. Before deciding to liquidate, check the association’s charter. The statutes of associations often include the requirement to obtain a sufficient majority of votes to pass a resolution to dissolve the association. The statute may also regulate in detail other aspects concerning. liquidation of the association. It is also important to remember that the association’s general membership meeting should be convened by the appropriate body, in a manner that takes into account the rules described in the statute.