This section and section 27B apply if, after complying with section 27, a further education corporation resolve that the corporation should be dissolved on a specified date.

“The dissolution date” means the date specified in a resolution under subsection (1).

The corporation must notify the appropriate authority of the resolution and the dissolution date as soon as reasonably practicable.

The corporation are dissolved on the dissolution date.

In this section, “the appropriate authority” has the meaning given in section 27.

See also section 27C (restrictions on dissolution in insolvency situations).