About this document
A Self-Help Group Dissolution Agreement is a formal document used when members of a self-help group agree to close, wind up, or dissolve the group. It records the members’ decision to dissolve the group, the reasons for dissolution, the group’s assets, funds, liabilities, outstanding debts, bank accounts, records, and how any remaining money or property will be distributed.
It acts as written proof that members voluntarily agreed to dissolve the group and settle all pending matters in an orderly manner.
The purpose of this agreement is to:
1. Record the official decision by members to dissolve the self-help group.
2. State the reasons for closing or winding up the group.
3. Provide a clear plan for paying debts and distributing remaining funds or assets.
4. Authorize group officials to close bank accounts, mobile money accounts, and notify relevant offices.
5. Identify the group’s funds, assets, liabilities, debts, and pending obligations.
6. Create a signed record showing that members accepted the final settlement and dissolution process.
7. Help prevent disputes among members after the group has been dissolved.
It acts as written proof that members voluntarily agreed to dissolve the group and settle all pending matters in an orderly manner.
The purpose of this agreement is to:
1. Record the official decision by members to dissolve the self-help group.
2. State the reasons for closing or winding up the group.
3. Provide a clear plan for paying debts and distributing remaining funds or assets.
4. Authorize group officials to close bank accounts, mobile money accounts, and notify relevant offices.
5. Identify the group’s funds, assets, liabilities, debts, and pending obligations.
6. Create a signed record showing that members accepted the final settlement and dissolution process.
7. Help prevent disputes among members after the group has been dissolved.
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