13. HEAD OFFICE
AND BRANCHES
| 13.1 | The
head office of the Institute shall be situated at such place as the
Executive Committee may from time to time determine. |
| 13.2 | The Executive Committee shall form branches of the Institute whenever and wherever deemed by it to be desirable and on such terms and conditions as may be prescribed in the by-laws from time to time. |
| (a) | The
Institute shall, subject to the provisions of this Constitution, apply
its funds and income solely for investment purposes or in promoting
the objects of the Institute. |
| (b) | The
Institute shall not distribute any profits or gains by way of dividend
or otherwise to its members or to any other person. |
| (c) | Members
or officers of the Institute shall not have rights in the property
or other assets of the Institute by virtue of their being members
or officers. |
| (d) |
Should the Institute be wound up, a person who has ceased to be a
member of the Institute or the executors, administrators, heirs or
assigns of such person, shall in no circumstances have any claim to
or against the Institute by reason only of such previous membership.
|
| (e) | Should the Institute be wound up, its funds shall be dealt with in accordance with the provisions of this Constitution. |
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