Search-The-World Auctions

Governing Document

Search The World provides this Store and Auction site as part of a free community service to its customers for using their main site at:

http://www.search-the-world.com

No-profit clause

‘The assets and income of the organisation shall be applied solely in
furtherance of its above mentioned objects and no portion shall be
distributed directly or indirectly to the members of the organisation except
as bona fide compensation for services rendered or expenses incurred
on behalf of the organisation.’

Dissolution clause

‘In the event of the organisation being dissolved, the amount that remains
after such dissolution and the satisfaction of all debts and liabilities shall
be transferred to another organisation with similar purposes which is not
carried on for the profit or gain of its individual members.