Chapter 10

Dissolution and Liquidation

ARTICLE 32:

The Assembly may not decree the dissolution of LACNIC as long as there are a number of members willing to support it, and to ensure the regular functioning of its social organs. Should dissolution become effective, the liquidators will be designed, and these can be the Board itself, or any other members committee which the Assembly designates. The Fiscal Commission must oversee the liquidation operations of LACNIC. Once debts are paid in full, the remainder of the goods owned will be destined to a charity organization, established legally in the country and exempt from all taxes at national, state and municipal level. The recipient of these goods will be designated by the dissolution Assembly.

* Article modified at the Member Assembly held on 29 May, 2008.