# Literary and Scientific Institutions Act 1854, Section 29: Provision for the dissolution of institutions and adjustment of their affairs.


Any number not less than three fifths of the members of any institution may determine that it shall be dissolved and thereupon it shall be dissolved forthwith, or at the time then agreed upon, and all necessary steps shall be taken for the disposal and settlement of the property of the institution, its claims and liabilities, according to the rules of the said institution applicable thereto, if any, and if not, then as the governing body shall find expedient: Provided, that in the event of any dispute arising among the said governing body or the members of the institution the adjustment of its affairs shall be referred to ... the county court ... and it shall make such order or orders in the matter as it shall deem requisite, or, if it find it necessary, shall direct that proceedings shall be taken in the High Court for the adjustment of the affairs of the institution.

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Source: https://www.legislation.gov.uk/ukpga/Vict/17-18/112/section/29 (the official version)
Page: https://openlegislation.uk/literary-and-scientific-institutions-act-1854/section-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.