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After months of problems, the University of Regina Students’ Union (URSU) could be on the verge of dissolving.
The union posted a notice to social media on Wednesday advising members about a special general meeting set for Sept. 24. The purpose of the meeting is to hold a vote on whether or not to dissolve the organization.
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According to the agenda for the meeting, a new chairperson, Neil Elder, will be appointed for the meeting.
As of Thursday, the only resolution on the agenda is dissolution, which would include bringing in a liquidator to oversee the process and perform a final review.
URSU would be wound up within 90 days of the vote, and all the records and data from URSU would remain property of the union and not be shared with anyone but the liquidator. The union’s remaining assets would be held in trust by the university’s board of governors until another students’ union is created.
If the dissolution passes, the resolution said URSU’s board members, executives, management and staff would be released from “liability relating to URSU’s operations and dissolution, provided actions are taken in good faith reliance on this resolution, and legal advice.”
According to the notice from the union, the resolution would need a two-thirds majority to pass – any fee-paying member at the University of Regina or its federated colleges is able to vote.
The notice said no amendments, substitutions or other motions will be accepted.
If the resolution doesn’t pass, the notice said dissolution cannot be reconsidered for six months.
Questions have been rising about the actions of URSU for months, including how it’s been dealing with and passing on funds to other student groups on campus, and management of its own finances.
Last month, after URSU lost an application for an injunction in court, the university ended the union’s leases on campus and stopped passing on student fees.
The Regina Police Service recently confirmed it is pursuing an ongoing investigation into the students’ union.
According to Section 16 of The Non-Profit Corporations Act, which the resolution said the dissolution is being conducted in accordance with, any proceedings to dissolve a corporation must be stayed if the corporation is at any time found to be insolvent, in accordance with the Bankruptcy and Insolvency Act. The union has not, at this time, been found to be insolvent.
