30.10. The Government, at the request of the Société and on the recommendation of its member colleges and of the Minister, may revoke its charter.
Such revocation takes effect on the sixtieth day after publication of a notice to that effect in the Gazette officielle du Québec.
The Société is thereupon dissolved and after payment of its debts and the carrying out of its obligations, its property shall be distributed among the colleges which are members thereof at the time of its dissolution, according to an agreement among such colleges. In the absence of an agreement, the property shall be distributed among such colleges by the Minister.