Article 2, Part 3 – Registered Organizations and Organization Fund

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§ 2-315 Dormant Accounts

Any fund in the Organization Fund assigned to an organization that does not re-register for a period of at least three years will be closed. Any funds in the custodial fund at the time of closure will be transferred to the Organization Administrative Custodial Fund. Each year, the income generated from the Administrative Custodial Fund (as stated in § 2-309(e)) shall be used to help cover the direct expense of the fund operation. Excess interest will be retained in the Administrative Fund.