Section 11: Dissolution of Foundation
consolidated text (as amended). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.
11. Dissolution of Foundation
(1) The Foundation may be dissolved by the unanimous decision of the
Board.
(2) Where the Foundation is dissolved, all assets remaining after winding
up shall be transferred to such charitable institution or be used for such
charitable purpose as may be decided by the Board.