Article 107 Nature and constitution
(1)
In this Order, a charitable incorporated organisation is referred to as a “CIO”.
(2)
A CIO shall be a body corporate.
(3)
A CIO shall have a constitution.
(4)
A CIO shall have a principal office, which shall be in Northern Ireland.
(5)
A CIO shall have one or more members.
(6)
The members may be either—
(a)
not liable to contribute to the assets of the CIO if it is wound up, or
(b)
liable to do so up to a maximum amount each.