Article 20 - Winding-Up

(1) The Constitution must specify what is to happen to any assets of the Foundation that remain, should the Foundation be wound up and dissolved.
(2) Notwithstanding Article 20 (1), the assets of the Foundation may not be disposed of to the Founder or a Dedicator, unless permitted by the QFC Authority.
(3) If the remaining assets of the Foundation are not disposed for any reason, an Interested Person may apply to the QFC Court under Article 43 for a direction as to the disposal of those assets.
Derived (as from 22nd September 2016).