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V. Final clause
§ 19 Liquidation of the society
- The decision to liquidate the society can only be made by a general meeting convened according to the rules of these articles of association. In case of liquidation of the society, the members of the board shall be appointed as liquidators.
- Any adoption of resolutions by the liquidators shall require unamity. In all other respects, the rights and obligations of the liquidators shall be based on the provisions of the German Civil Code on liquidation (§ 47 et seqq.).
- In case of the termination or suspension of the society or in case of an omission of the tax-priviledged purposes, the funds shall be used for tax-priviledged purposes. The general meetingshall decide who will be entitled to these funds. Resolutions on the future application of funds shall only be implemented upon approval by the fiscal authorities.