(1) Subject to the provisions of this section, if by a special resolution a credit union resolves that it be wound up by an instrument of dissolution, the credit union shall be dissolved by such an instrument, bearing the signatures of the secretary and a member of the board of directors.
(2) An instrument of dissolution shall set forth -
(c) the claims of creditors, if any, and the provision to be made for their payment; and
and in paragraph (d) "surplus or balance" means surplus or balance of funds and property of the credit union left after members have been paid in full.
(3) Alterations to the instrument of dissolution may be made by the consent of not less than three quarters of the members…