Broad-Based Black Economic Empowerment Act, 2003 (Act No. 53 of 2003)

Codes of Good Practice on Black Economic Empowerment

Purchase

13.1	The council can only be dissolved if 60% of voting members give their consent at a duly constituted council meeting.

13.2	A meeting to discuss the dissolution of the council must be attended by 80% of voting members.

13.3	At least 21 days' notice must be given to all council members.

13.4	Any assets will be ceded to the MDDA.