No member of any CSFO Committee shall be legally liable towards any person or body by reason of any act of that Committee unless such act was performed ultra vires the powers of the Committee or the authority given to members of that Committee
THE ORGANISATION MUST BE A BODY CORPORATE AND HAVE AN IDENTITY AND EXISTANCE DISTINCT FROM ITS MEMBERS
- The organization shall exist in its own right, separately from members
- The organization shall be able to own property and other assets
- The organization may be able to sue or be sued in its own name.
- Members or office bearers of the organization do not have rights over the assets of the organization by virtue of their being members or office bearers
DISSOLUTION AND ASSETS
The dissolution of this body can only be done by a special general meeting called specifically for that purpose at which 80% of the membership shall be present.
A quorum shall represent 80% of the members present or by proxy. If there is not a quorum at a meeting after half an hour from the scheduled start, it will be adjourned for two weeks. The members present or represented by proxy at the reconvened meeting will form a quorum.
It must be ensured that the financial accounts are up to date, all assets are accounted for and any liabilities settled.
Thereafter, the assets will be dissolved and any remaining cash and assets are to be given to a like-minded body as decided upon by the members present.