Organization Wrap-Up Policy
- Year Completed: 2024
- Date Published: July 10, 2024
27(1) ABP will retain funds restricted for winddown in the event the organization is required to cease operations.
(2) Funds will be sufficient to terminate operations, including fulfilling any contract obligations and terminating employment contracts with sufficient notice and compensation.
(3) Restricted funds will be held in term investment accounts and will be available in the situation stated in 27(1).
Approved: July 10, 2014
From Part 2 – Policy and Priorities of ABP’s Policy Manual