SABEW Bylaws – Article VII: Dissolution

Section 1.

Any proposal to dissolve the Society must be approved first by a vote of three-quarters of the board of governors and then by a vote of two-thirds of the members in good standing.

Such a proposal must be disseminated to the entire membership at least 90 days before the board of governors vote upon it and at least a 30-day notice must be given to the members between the time that the board votes to dissolve the Society and the full membership votes on the matter.

Such a proposal must include a full explanation for advancing it; a plan for proxy voting by the membership; a plan for winding up the financial affairs of the Society and disposition of any assets; and a plan for discharging any other obligations of the Society and its officers.

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