Corporations (Aboriginal and Torres Strait Islander) Act 2006
CHAPTER 4
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MEMBERS AND OBSERVERS
PART 4-2
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MEMBERS
Division 147
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Obligations of members
SECTION 147-1
147-1
OBLIGATION TO CONTRIBUTE ON WINDING UP
If an Aboriginal and Torres Strait Islander corporation ' s constitution provides that the members must contribute to the property of the corporation on winding up then the members must so contribute. Otherwise, the members are not liable to contribute.
If an Aboriginal and Torres Strait Islander corporation ' s constitution provides that the members must contribute to the property of the corporation on winding up then the members must so contribute. Otherwise, the members are not liable to contribute.