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Constitution of Urabba Parks/Section 92
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= Rights of members to charity distributions = == <span id="s1"></span>Saving as to restrictions on public funds == (1) Any charity distribution of property that formed part of a public fund immediately before the commencement of winding-up of the public fund shall be made to a giving pool formed under this subsection that shall be subject to the restrictions applicable on the distribution on property in the public fund. == <span id="s2"></span>Counting of pledged membership == (2) In determining charity distribution entitlements: :<span id="par2a"></span>(a) membership is counted on the paid up amount; :<span id="par2b"></span>(b) any amount paid in advance of a call is disregarded, and is taken to be a loan from the member. == <span id="s3"></span>Grant of membership by continuing charity == (3) In the case of an operating company of an association formed within Urabba Parks limited by shares, the operating company may: :<span id="par3a"></span>(a) issue or transfer shares to members of Urabba Parks continuing as members of the association, in consideration for: ::<span id="par3a-i"></span>(i) in the case of an issue of redeemable preference shares – the redemption of service membership with a principal amount of those shares for no consideration; and ::<span id="par3a-ii"></span>(ii) in the case of an issue of any other kind of share – the nomination of the operating company for charity distribution made in any respect of any membership granted by the association; and :<span id="par3b"></span>(b) repurchase shares held by Urabba Parks for the consideration of immediately issuing shares under paragraph (a).
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