PART 3: Section 33. Winding Up

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33. Winding Up

33.1 Prior to the winding up and dissolution of the society, a final financial statement and an asset inventory will be conducted.

33.2 Where any physical assets are not holy relics, remaining Freehold members will be given the opportunity to bid at auction for the assets.

33.3 If the asset is any holy relic owned by the Freehold or one of its gilds, every effort will be made to return it to the craftsman who created it, or his or her kinsmen. If the craftsman cannot be found, or if he, she or the kin deem it, it may be sold at auction to remaining Freehold members along with other assets.

33.4 Physical assets remaining which have not been auctioned to members may, at the members' deeming, either be auctioned to the public, or donated to one or more organizations so long as that organization or organizations share most or all of the same purposes as the Freehold.

33.5 After the orderly repayment of any debts possibly incurred by the Freehold, whatever money remains shall be donated to one or more organizations as the remaining members deem fit, so long as that organization or organizations share most or all of the same purposes as the Freehold.

33.6 If such an organization cannot be found, any remaining assets will be donated to the benevolent charitable society, as defined by Revenue Canada, of the members’ choice.