Hi Karen,

In the case of an incorporated registered charity there is a specific
statement that Revenue Canada insists must be a part of the bylaws regarding
dissolution.  I believe this is all that you would require.

?DISSOLUTION OF THE CORPORATION

  On the winding up or dissolution of this corporation, funds or assets
remaining after all debts
have been paid shall be transferred to a charitable institution with
purposes similar to those of this
corporation, or, if this cannot be done to another charitable institution
recognized by Revenue
Canada as qualified under the provisions of the Income Tax Act of Canada.

Mark

----- Original Message -----
From: "Karen Ball-Pyatt" <[log in to unmask]>
To: <[log in to unmask]>
Sent: Tuesday, January 08, 2002 12:09 PM
Subject: Dissolution Policies/Practices


> I have been asked by our museum manager to provide any input regarding the
> disposition of archival holdings should the Region cease to operate its
> museum facilities (a strictly hypothetical proposition!). In order to meet
> provincial granting regulations, the Region (and other municipalities and
> institutions)  must adopt a new policy which provides for the dissolution
> of the museum's assets and liabilities should it ceased to operate.  I
> understand that the Province enacted such a regulation to prevent the
> wanton sale of collections.  Other than including a provision which would
> dictate the transfer of archival holdings to the Region's Corporate
> Archives or to another suitable regional archives, does anyone have any
> advice regarding the prudent disposition of archival holdings if an
> institution ceases to exist? Does anyone have a formal dissolution policy
> for their institution and would they be willing to share it?
>
--------------------------

W. Mark Ritchie
Heritage Resource Management Associates
228 Broken Oak Crescent
Kitchener, Ontario, Canada
N2N 1N7

Phone: 519 745 5586
Fax     : 519 745 3585

Website: http://granite.sentex.net/~ritchpat/hrma.html
---------
When does posterity start?