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Chapter VI – Dissolution and Liquidation

Article 47: The Assembly (Conference) is dissolved by the emergency General Assembly’s decisions or final and conclusive vote of judicial laws. Article 48: If the Assembly (Confederation) is dissolved by the emergency General Assembly, the Assembly forms a liquidation committee consisting of three members of the member organizations. The selection of the board of directors' members before the dissolution in position of liquidation committee’s members is permitted. If the Assembly (Confederation) is dissolved by Judicial authorities, the liquidation committee is determined by them. Article 49: After the dissolution announcement of the Assembly (Confederation)" and selecting members of the liquidation committee, the former directors of Assembly (Confederation) must submit and also make transactions of all papers, documents and property of the Assembly (Confederation). Article 50: The liquidation committee clarifies the conditions of debts and assets by supervision of the Chamber of Commerce, Industries and Mines of Iran and after settling, all moveable and real properties are under control of the Chamber of Commerce, Industries and Mines of Iran. Article 51: The duties, powers and responsibilities of the liquidation committee in relation to actual assets, claims and debts of the Assembly (Confederation) and also, in general, the liquidation is done in accordance with reform bill as a part of the Commercial Codes approved 12.24.1374 and the statute substances.
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