State Act
38A
Section 38A. Dissolution or winding up of the university.
THE KARNATAKA STATE OPEN UNIVERSITY ACT, 1992
Act no. 46 of 19941994In forceKarnataka (State Act)
1[38A. Dissolution or winding up of the university.- In the event of dissolution or winding up of the University, the assets remaining as on the date of dissolution shall under no circumstances be distributed among the officers of the university or members of the Board of Management or Finance Committee or among any person having substantial interest or their relative, but the same shall be transferred to another University whose objects are similar to that of this University.]1