351. Where a party authority ceases to be authorized, without the party being so affected, the sums and assets remaining in its possession shall be remitted to the official representative of the party by the person holding them.
The authority shall also file with the chief electoral officer, within 60 days after the withdrawal of authorization, the financial reports prescribed by the second paragraph of section 344, unless the reports have already been filed.
The party shall succeed in the rights and obligations of the authority who has ceased to be authorized.