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PART I Article XII Dissolution - APRACA

  1. The Association may be dissolved by a decision of the General Assembly to that effect.  Such decision shall require a Qualified Majority in its favour.

  2. The General Assembly, when taking the decision to dissolve the Association may, subject to the provisions of Sections 106 and 107 of the Thai Commercial Code (relevant excerpt of which is attached in Annex A), determine the manner in which the remaining assets of the Association after liquidation shall be dealt with.