Part I Further education
Chapter II Institutions within the further education sector
Dissolution of further education corporations
27AF1Dissolution of further education corporations
1
This section and section 27B apply if, after complying with section 27, a further education corporation resolve that the corporation should be dissolved on a specified date.
2
“The dissolution date” means the date specified in a resolution under subsection (1).
3
The corporation must notify the appropriate authority of the resolution and the dissolution date as soon as reasonably practicable.
4
The corporation are dissolved on the dissolution date.
5
In this section, “the appropriate authority” has the meaning given in section 27.
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See also section 27C (restrictions on dissolution in insolvency situations).