Policy/FrameworkDocument: Difference between revisions

<span id="9_1"></span>9.1. In the event of the Hackspace becoming financially or otherwise unsustainable, the membership may order the dissolution of the Company by a majority vote of the members of the Hackspace.

<span id="9_2"></span>9.2. In such an event the Directors should settle all outstanding debts, seek to recover any money owed, close accounts with suppliers, dispose of assets in accordance with the Company’s Asset Disposal policy, finalise accounts and notify Companies House of the dissolution of the Company.

<span id="9_3"></span>9.3. Any residual funds after the winding up of the Company shall be distributed equally, on a one share per member basis, between the members of the Company. Any unclaimed funds, and any residual assets, after a one month period will be offered to the geographically-nearest, not-for-profit hackspace communities in ascending order of crow’s-flight proximity to the address from which they operate.