Deltamed Deltamed

Paseo Canal, 43-49
43870 Amposta

Tel. 034 977 706 340
Fax 034 977 704 523

email

STATUTES OF THE ASSOCIATION OF MEDITERRANEAN DELTAS (DELTA-MED).

PART FIVE
CONCERNING THE DISSOLUTION OF THE ASSOCIATION AND THE LIQUIDATION OF ITS ASSETS

Artículo 32º.- Dissolution.

The Association will be dissolved for the following reasons:
a) By agreement of two thirds of the ordinary members at a General Assembly convened for this purpose.
b) Due to the reasons laid down in article 39 of the Civil Code.
c) Due to a firm judicial ruling.

Artículo 33º.- Liquidation.

Once dissolution has been agreed or decreed, the Executive Board will carry out the liquidation, transferring the property, paying the accounts owing, charging the accounts receivable and establishing the resulting credit balance should there be one.

Artículo 34º.- Assigning the Resulting Credit Balance.

Once the liquidation has been carried out, the resulting credit balance will be donated to the University or scientific body which has objectives similar to those of the Association as determined by the Executive Board..