Constitution of Urabba Parks/Section 88
Service membership
Rights of existing members
(1) Unless otherwise provided under the law of Urabba Parks, no original grant of service membership, or any conversion from one class of service membership to another class of service membership, shall affect the rights of any existing member, service member or otherwise.
Return of capital
(2) Upon the winding-up of Urabba Parks and after the payments of all debts and obligations except those of membership:
(a) service members are repaid their deposits, accumulated interest and charity distributions;
(b) if there are not enough assets to meet obligations under paragraph (a), then all service members ranking equally shall share the loss in equal proportion; and
(c) once the liabilities and obligations in paragraph (a) have been settled no service member shall be entitled to participate in any further charity distribution of assets.
Making dividends
(3) No charity distributions may be made:
(a) unless the amounts paid up by service members and any outstanding interest can be paid back in full; and
(b) other than in the case of accumulated charity distribution entitlements of service members, unless those charity distributions have been made;
provided that once the interest and cumulative charity distribution entitlements have been settled no service member shall be entitled to participate in any further charity distribution of profits.