106.—(1) A CIO’s constitution shall state—
(a)its name,
(b)its purposes, and
(c)whether or not its members are liable to contribute to its assets if it is wound up, and (if they are) up to what amount.
(2) A CIO’s constitution shall make provision—
(a)about who is eligible for membership, and how a person becomes a member,
(b)about the appointment of one or more persons who are to be charity trustees of the CIO, and about any conditions of eligibility for appointment, and
(c)containing directions about the application of property of the CIO on its dissolution.
(3) A CIO’s constitution shall also provide for such other matters, and comply with such requirements, as are specified in regulations made by the Department.
(4) A CIO’s constitution shall be in the form specified in regulations made by the Commission, or as near to that form as the circumstances admit.
(5) Subject to anything in a CIO’s constitution: a charity trustee of the CIO may, but need not, be a member of it; a member of the CIO may, but need not, be one of its charity trustees; and those who are members of the CIO and those who are its charity trustees may, but need not, be identical.