PART 11CHARITABLE INCORPORATED ORGANISATIONS
Nature and constitution
105Nature and constitution
1
In this Act, 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.