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Associations Act 2003
60Transfer not to impose greater liability etc.
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60 Transfer not to impose greater liability etc.
(1) The constitution adopted for the transfer must not impose on the
members of the new body who were members of the incorporated
association at the date of transfer any greater or different liability to
contribute to the assets of the new body than the liability to which
they were subject as members of the association.
(2) The transfer must result in all persons who were members of the
association at the date of transfer becoming members of the new
body.