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Constitution of Urabba Parks/Section 105
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[[Constitution of Urabba Parks/Contents|Table]]|[[Constitution of Urabba Parks/Notes|Notes]]|[[Constitution of Urabba Parks/Section 104|Previous]]|[[Constitution of Urabba Parks/Section 106|Next]]|[[Constitution of Urabba Parks/Download|Download]]<br>{{Navbar|L=Constitution of Urabba Parks|Ch=4|Pt=3|Div=2|S=105}} = Selective reduction of membership = No consideration shall be given by Urabba Parks for its membership except for the following: :<span id="para"></span>(a)ย amounts mandated by an Australian law or court order; :<span id="parb"></span>(b)ย amounts paid up or interest outstanding on service membership; :<span id="parc"></span>(c)ย a charity distribution; :<span id="pard"></span>(d)ย to enter into a lawful agreement or undertaking with a charity not provide a particular service in a particular area, or to refer an entity seeking a particular service to another entity for an agreed length of time; :<span id="pare"></span>(e)ย of membership of a charity, including membership in the form of shares. = <span id="EM"></span>Relevant note from the Explanatory Memorandum = 268. This section provides that consideration for membership must be of amounts mandated by an Australian law or court order or in the form of the repayment of service membership, a charity distribution, a non-compete agreement with a charity or of membership of a charity, including membership in the form of shares. A member or group of members may wish to have their membership purchased for a number of reasons, including the transfer of an association to another company. The intention of this section is to clarify the not-for-profit nature of membership interests, by ensuring that proceeds of the purchase are applied towards the charitable purposes of Urabba Parks. [[Category:Urabbaparcensian constitutional law| ]]
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