In the case of dissolution of an affiliated society such amounts shall be paid to the liquidator of the society or to the person who is legally in possession of the assets of the society. [...] (a) The liability of the shareholders for the debts of the Association shall be limited to the nominal value of the shares held by them. [...] The General Meeting must maintain a general supervision over the business of the Association specially over the acts of the Board of Directors and the Committee of Supervisors and must take all steps that may be considered necessary in the interests of the Association. [...] Its duties shalt he-- (1) to receive and consider the annual report and the statement of accounts of the Board of Directors and to review the work of the Association during the past year.;8 (2) to elect for the ensuing year a Board of Directors and its Chairman and if necessary a Committee of Supervisors ; (3) to review the work of. [...] In the case of dissolution of the Association the Reserve Fund shall be applied to such purpose as may be determined with the approval of the Registrar by the majority of the members.
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