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Chapter X - Dissolution and Liquidation

This document and/or information was originally written in Spanish, the official language of Uruguay, the country where LACNIC is legally incorporated and whose laws and regulations LACNIC must meet. Likewise, unofficial information and/or documents are also written in Spanish, as this is the language in which most of LACNIC's collaborators and officers work and communicate. We do our best to ensure that our translations are reliable and serve as a guide for our non-Spanish-speaking members. However, discrepancies may exist between the translations and the original document and/or information written in Spanish. In this case, the original text written in Spanish will always prevail.

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.

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