What assets does oclug have? Apr. 2, 2023 17:49:06 ala...@twobikes.ottawa.on.ca:
> On Fri, 31 Mar 2023, Tug Williams wrote: >> Assuming the vote is positive, an agent will be engaged to handle the >> technical details. One such agency has indicated willingness, with a fee >> under $400. > > OCLUG does not need to spend $400. > > See Ontario Not-for-Profit Corporations Act, 2010 > (https://www.ontario.ca/laws/statute/10n15). > > To dissolve a non-profit corporation all one needs to do is: > > - pass a special resolution to dissolve, at a duly constituted general > meeting, including choosing who gets the corporation's assets (the special > resolution MUST be passed by a 2/3 majority) > > - communicate that motion to the Ontario Business Registry within 10 days by > mail with a signed form. The forms & instructions are at > https://forms.mgcs.gov.on.ca/en/dataset/5278 > > OCLUG would also need to apply for a (free) company key online first, but it > should have already had that for annual returns (director names). > > - appoint someone to liquidate the assets: i.e. pay any debts, then write a > cheque to NCF (or whomever), and when everything clears, close the bank > account. The treasurer / signing officers would have to do this in any case, > right? > > Other info: https://nonprofitlaw.cleo.on.ca/run-a-nonprofit/dissolution/ > > There's no point in paying $400 for something that can be done > straightforwardly -- especially since most of the work is getting information > together which the board would have to do in any case. > >> Note that there is no Plan B unless some members step up with a viable plan >> that can get majority member approval in a recorded vote. > > All the Ontario government asks you to do is to hold an AGM, which can be > combined with a monthly meeting and take 5 minutes, elect directors who have > minimal or no tasks, and electronically submit a list of directors each year. > You don't have to hold board meetings if there's nothing to discuss. Why is > this so much work? > > The advantages of keeping up OCLUG as a non-profit corporation is that -- > when there are more people who want to do more -- it makes it possible to > undertake larger projects like a day conference or joint projects with a > municipal or other organization where insurance might be required. It also > allows OCLUG to apply for grants for projects. > > Alayne > > -- > Alayne McGregor > alayne at twobikes.ottawa.on.ca > > To unsubscribe send a blank message to linux+unsubscr...@linux-ottawa.org > To get help send a blank message to linux+h...@linux-ottawa.org > To visit the archives: https://lists.linux-ottawa.org To unsubscribe send a blank message to linux+unsubscr...@linux-ottawa.org To get help send a blank message to linux+h...@linux-ottawa.org To visit the archives: https://lists.linux-ottawa.org
