CIC Association

Serving Community Enterprise

Hi - We have been incorporated as a CIC since 2012. Recently we were asked whether we has an asset lock in place. I had assumed this was just an integral part of our governance. However I now feel we should perhaps have a specific entry in our constitution. It is actually quite a useful question at this time as we are hoping to get a new van & upgrade our IT and so forth. How have other CICs handled this issue?

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Comment by Pete Scott on March 11, 2016 at 13:50
Hi John - Thanks for that. It was just an enquiry someone made & I did not have a ready answer.
Comment by John Mulkerrin on March 11, 2016 at 12:50

Hi Pete

It is an integral part of your existing governance. Is there any particular concern/asset?




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