At a special meeting called for that purpose, the council, by resolution adopted by a majority of the total number of representatives in the council, may decide to be wound up.
Upon adoption of a resolution to wind-up, the secretary must take the necessary steps to ensure that
application is immediately made to the Labour Court for an order giving effect to that resolution; and
Each party to the council remains liable for any of its unpaid liabilities to the council as at the adoption of a resolution to wind-up the council.
If all the liabilities of the council have been discharged, the council must transfer any remaining assets to
a bargaining council within the same or a similar sector, that has been agreed upon at the special meeting referred to in sub-clause (1);
there is no bargaining council within the same or a similar sector; or
the parties to the council fail to agree on a bargaining council that is to receive the remaining assets.