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11 <br /> <br />ARTICLE XV <br /> <br />Dissolution. The Council may be dissolved at the end of any fiscal year only (1) upon the <br />adoption of a dissolution resolution by the governing bodies of all member governmental <br />units, or (2) the withdrawal from the Council of all but one (1) of the member governmental <br />units. If such dissolution is affected by resolution of all member governments, such <br />resolutions shall specify the method of liquidating the Council's assets and liabilities. If such <br />dissolution is occasioned by withdrawal of all but one member, the remaining governmental <br />unit shall have the power to liquidate all assets and liabilities and it shall then distribute the <br />net proceeds, if any, to those members who paid the latest annual assessment and in the <br />same proportion. Any deficit shall be the responsibility of those member governments who <br />would have received the net proceeds, and in the same proportions. <br /> <br /> <br />Amended: July 1, 1975 <br /> February 18,1976 <br /> April 28, 1982 <br /> February 14, 1985 <br /> March 27, 1996 <br /> April 25, 2018 <br /> <br />24