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Asset lock

A feature of governance documents that ensures if the organisation stops running, any assets owned by the organisation are given to other community or public groups who may benefit from them and can't be sold to benefit any individual. Most non-profit organisations have an asset lock embedded in their legal structure.

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Two circular portraits on a light grey background with abstract curved shapes and teal arrows. Christina Chun, Chief Product Officer, is pictured smiling at the top left against a coral background. Kate Kutty, Engagement Lead, is pictured at the bottom right against a cream background with an orange circular border.

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