1 LAW No. 8788, dated May 7, 2001 ON NON-PROFIT ORGANIZATIONS In reliance on articles 78 and 83 point 1 of the Constitution, on the proposal of Council of the Ministers, THE ASSEMBLY OF THE REPUBLIC OF ALBANIA DECIDED: Article 1 Object of the Law CHAPTER 1 GENERAL PROVISIONS This law sets out rules for the establishment, registration, functioning, organization and activity of non-profit organizations, which follow purposes in the good and interest of the public.. Article 2 Definitions Within the meaning of this law, the following phrases have these meanings: 1. "Public collection of funds" means the collection of funds by means of broad-scale public awareness campaigns. 2. "Competent state organ" means the state organ whose field of competency is the same as or similar to the field of activity of a nonprofit organization or the state organ specified by law. 3. "Non-profit organization" means associations, foundations and centers whose activity is conducted in an independent manner and without being influenced by the state. 4. "Non-profit activity" means any economic or non-economic activity on the condition that the income or properties of the non-profit organizations, if there are any, are used only for the fulfillment of the purposes specified in the charter of the organization.
2 5. "Temporary activity" means activity exercised by a foreign non-profit organization in Albanian territory for the fulfillment of specific concrete purposes during a calendar year for a period of no less than 30 consecutive days and no more than six months. 6. "Activity in the good and interest of the public" means any activity that supports and develops spiritual and other humanitarian values for the individual and society, protects human life or health, secures and realizes public and social services, help and support in cases of disasters, protects the environment and develops culture and education about it, supports and develops cultural and historical values and traditions, science, education, physical and spiritual education, helps in the development of good habits and democratic values as well as any other aspect in the good and interest of the public. Article 3 Subjects of the Law The subjects of this law are the associations, foundations and centers contemplated in article 2 point 1 of this law. Trade unions, political parties and other non-profit organizations whose activity, organization and functioning is regulated by separate law are not subjects of this law. Everyone has the right to collective organization without needing to register this as a non-profit organization. CHAPTER II GENERAL PRINCIPLES Article 4 The Right to Establish and Participate Every natural or juridical, local or foreign person has the right to establish a non-profit organization, to be a member of it or to take part in its management organs or in the administrative personnel of the non-profit organization. Article 5 The Principle of Protection and Respect for Human Rights Non-profit organizations base their activity on the principle of respecting, protecting and implementing the fundamental human rights and freedoms provided in the Constitution, laws and international agreements ratified by law. Article 6 The Principle of Independence from the State Non-profit organizations exercise their activity in a manner independent from state organs and interests. Article 7 Relationships of Non-profit Organizations with State Organs The state supports and encourages the activity of non-profit organizations. The realization by the state of conditions and facilities for non-profit organizations to achieve the purpose and object of their activity is done by law. State organs do not interfere in the activity of non-profit organizations. A prohibition or limitation of the activity of non-profit organizations is done only in the cases and the manner specified by law. Article 8 Civil Rights and Duties
3 Non-profit organizations have rights and carry out duties in conformity with the provisions of the Civil Code, except when it is provided otherwise in this law or other legal provisions. CHAPTER III NON-PROFIT ORGANIZATIONS Article 9 Forms of Non-Profit Organizations The establishment, forms, organization, functioning and field of activity of nonprofit organizations is done in conformity with the Civil Code and with this law. Article 10 Division of Non-Profit Organizations according to Organization Depending on the manner of organization, non-profit organizations are divided into: 1. non-profit organization with membership: Non-profit organizations with membership are established by the free will of natural or juridical persons. The minimum number of founding members is five natural persons or at least two juridical persons. Every member has the right to leave the non-profit organization for any reason. The charter may provide rules on the responsibility of the member who leaves in connection with the duties and responsibilities of the organization against third parties up to the moment the member leaves. The responsibility of the member who leaves is the same as that of other members of the non-profit organization for activity performed up to the moment of leaving. The highest steering organ of a non-profit membership organization is the general meeting or assembly of all of its members. Other steering organs are elected and are responsible to this highest organ. 2. non-profit organizations without membership: Non-profit organizations without membership are foundations and centers. Non-profit organizations without members are created by one or more persons or by testament. The highest steering organ of non-profit organizations without membership is the board of directors. Article 11 Centers 1. A center is a juridical person, without membership, that has the object of its activity the performance of services and the realization of projects for purposes in the good and interest of the public, with funds and income
4 secured according to law. It is not permitted for a center to perform profitmaking activity. 2. A center is created by one or more natural or juridical persons, by notarial act. 3. The act for creation of a center is registered in court on the request of its founder. 4. The respective legal provisions for a foundation are applied to the establishment, organization and functioning of a center, except when it is expressly provided otherwise in this law and other legal provisions. Article 12 Division of Non-Profit Organizations according to the Law Depending on the place of their registration, non-profit organizations are divided into: 1. local non-profit organizations: Local non-profit organizations are those which are established, recognized and registered as such according to Albanian law. Local non-profit organizations may establish their branches in the center or in any other territorial-administrative unit of Albania. These branches are not separate legal persons, but part of the organization. Local non-profit organizations have the right establish their branches, affiliates and so forth outside the territory of Albania. 2. foreign non-profit organizations: Foreign non-profit organizations are those organizations established, recognized and registered as such according to the law of another country. Foreign non-profit organizations are permitted to exercise one or more specific activities in the territory of Albania, provided that they do not conflict with the Constitution and Albanian legislation. Foreign non-profit organizations are also permitted to exercise their activity in the territory of Albania by establishing and registering, according to Albanian law, a branch or a new nonprofit organization. CHAPTER IV ESTABLISHMENT AND REGISTRATION OF NON-PROFIT ORGANIZATIONS Article 12  Founding Subjects Non-profit organizations are founded by natural or juridical persons, local or foreign. Article 13
5 Registration of Non-Profit Organizations Non-profit organizations that are subjects of this law acquire juridical ability after they are established and registered in court, in conformity with the conditions and procedures provided for in the law. Branches of foreign nonprofit organizations are also subject to the same registration procedures. The founders of a non-profit organization meet and approve its establishment act and its charter, and may also authorize one or more persons to perform the acts of registration. The conditions contemplated in the second paragraph of this article are not applicable to foundations that are established based on the basis of a testament. If they meet the legal criteria, these foundations shall be registered by respecting the general juridical-civil rules of execution of a testament. The procedures for the registration of non-profit organizations in court and the deposit of their documents into the respective Register are regulated by separate law. Article 14 Judicial Personality A non-profit organization is recognized as a juridical person on the day the decision of the court for its registration becomes final. After it has gained juridical personality, a non-profit organization is responsible to the third parties for the obligations and damages caused during its activity. The juridical personality of a non-profit organizations terminates on the day the decision of the court for its de-registration becomes final. Article 15 Duration of non-profit organizations Non-profit organizations are established with or without a term. The duration of the activity of a non-profit organization and the rules for changing it are set in its charter. Article 16 Establishment Act The establishment act is the document through which its founders express their will to establishment the non-profit organization. A foundation may also be established through a testament. In that case, the testament constitutes the establishment act of the foundation. The establishment act is drafted in writing and contains, in a summary manner: the type, name, headquarters, identity of the founders, purposes and field of activity, duration, the name of the person authorized to follow the necessary procedures for the registration of the non-profit organization and for its legal representation relation with third parties. In the case of a foundation, the establishment act shall show the nature, source and value of the property necessary to fulfill the aim and field of activity of the foundation. In the case of establishment of a foundation through a will, its content does not have to provide all the items indicated in the third and fourth paragraphs of this article. Decisions for changes in the act of establishment with respect to the name, symbol, object, purposes, field of activity of non-profit organizations, as well decisions to transform it into another form of non-profit organization, shall be submitted to the court within 30 days from the date the decision is taken. Changes in the establishment act are subject to the same procedure used in the case of initial registration of the organization.
6 Article 17 The Charter The detailed regulation of the issues of organization, functioning and activity of the non-profit organization is provided in its charter. The charter of a non-profit organization is drafted by the founders and approved in the founding meeting of the organization. If the case of the establishment of a foundation through a testament, the charter may be drafted and approved by the executor of the testament, except when the testament provides otherwise. The charter of a non-profit organization shall contain: a) the form of organization; b) the name, seal and special symbol of the organization; c) the founders; ç) the purpose and field of activity of the organization; d) a prohibition of the distribution of profits; dh) the duration; e) the steering organs and their competencies; ë) the composition of the first steering organs provided in the charter; h) procedures and methods for electing or changing the steering organs; i) rules for holding a meeting, the participation, the manner and procedure of voting to take decisions; j) criteria for administration of property; k) the manner of approving an amendment of the charter, the establishment act and the internal rules; l) rules for the merging and dissolution of the non-profit organization; ll) the method of legal representation; m) rules for liquidation and the destination of property after the termination of the organization. In addition to what is mentioned in the third paragraph of this article, the charter of an association shall also indicate: a) rules for acceptance and of expulsion of members;
7 b) the rights and duties of members; c) rules related to membership dues. In addition to what is mentioned in the third paragraph of this article, for a foundation and centers the charter shall also indicate the financial and material sources provided by the founder and the manner of their use. Article 18 Amendment of the Charter The amendment of the charter of an association is done by a general assembly of its members. If the charter does not provide for a higher voting majority, amendments to the charter are done by a simple majority of the members of the association. In the case of a foundation and centers, their highest decision-making organ, in conformity with the procedures provided in the charter, has the competency to amend the charter. If the foundation was established by a testament, an amendment of the testator s will cannot be done when it is specifically prohibited in the testament. The decision of the general assembly or the highest decision-making organ of a non-profit organization to amend the charter is deposited in the Registry of Non-Profit Organizations, according to the procedures set by law. CHAPTER V ORGANIZATION AND FUNCTIONING Article 19 Decision-making Organs The highest decision-making organ of a non-profit organization without membership is the board of directors, which can also have different designations, while for those with membership, it is the general assembly of its members. In conformity with the procedures specified by law or in its official documents, the highest decision-making organ of a non-profit organization holds no less than the number of the meetings provided in the charter, and also within the time provided in the charter for holding them, but in any case, no less than once a year. Article 20 Competencies of the Highest Decision-making Organ The highest decision-making organ of a non-profit organization, in addition to other issues that it deems should be examined by it, decides on amendment of the charter, specifies the fields and programs of activity, oversees and audits regularly their accomplishment, examines economic, financial and administrative questions, approves the most important acts in connection with the budget of the non-profit organization and the expenses for the coming year, issues norms for the regulation of the activity, organization and the structure of the organization, elects or appoints members of the highest executive organ, creates special committees, and also decides on other questions expressly provided in law or in the charter. Article 21 Remuneration of the members of the highest decision-making organ Members of the highest decision-making organ, as a rule, exercise their function without compensation.
8 Non-profit organizations, respecting the principle of the best interest of the organization, depending on its conditions, the number and duration of its meetings, may reimburse the expenses and compensate members of the highest steering body for participation in its meetings. They are also compensated in cases when they perform specified duties. Article 22 Executive Organs A non--profit organization has a high individual or collective executive organ, which, as appropriate, may be called executive director, president, executive council, and so forth. The daily activity and execution of the programs decided on by the highest steering organ of the non-profit organization is done by its highest executive organ. The rules of activity of the highest executive organ are set by the charter and acts of the highest steering or decision-making organ. Article 23 Remuneration of Persons Who Participate in the Highest Executive Organ and of Employees of the Non-Profit Organization A member or members of the highest executive organ and the employees of the non-profit organization earn wages, compensation and reimbursement for expenses incurred during the exercise of their duties and competencies. Article 24 The Number of Members of the Highest Decision-making Organ The highest decision-making organ of a non-profit organization without membership may not have less than three members, except when the charter provides otherwise. The highest decision-making organ meets with the participation of more than half of its members and decides by a majority of the members present. The highest decision-making organ of a non-profit organization with membership may not have fewer than five members, except when the charter provides otherwise. The highest decision-making organ meets with the participation of more than half of its members and decides by a majority of the members present. The highest decision-making organ may create other decision-making, executive or advisory bodies, when the charter permits it or when the charter does not expressly prohibit it. Article 25 Responsibility of the Members of the Steering Organs and Employees Members of the decision-making and executive organs, as well as employees of the non-profit organization, are not responsible for its obligations towards third parties, except for cases when, in the exercise of duty, willfully or by serious negligence, they have caused damage to third parties. Article 26 Conflict of Interests and Prohibited Agreements A conflict of interests between a non-profit organization and a member of the decision-making or executive organ or its employees is not permitted. The cases of conflicts and the procedures for resolving them are provided in the charter and in other legal acts. Agreements between a non-profit organization and a member of the steering and executive organ or one of its employees may be permitted only if they are entered into to fulfill a purpose or object of the activity of the non-profit
9 organization, only if they are fair and in conformity with real market value. These agreements may be permitted only if they are examined beforehand by the steering organs. Interested persons shall be excluded from the discussions and the voting on the agreement. In a case of conflict of interest either a prohibited agreement or a consummated one, and if the above procedures are not followed, the nonprofit organization may invalidate the agreement and bring a lawsuit in court for indemnification. Article 27 Resolution of a Conflict of Interests Each member of the highest decision-making or executive organ of a nonprofit organization shall withdraw from the examination and decision-making on any question where he or his family members have direct or indirect economic or personal interests. Each financial transaction for the account of a non-profit organization, with a member of the steering or executive organ or an employee of the non-profit organization, or another juridical or natural person, when the member of the decision-making organ, the executive organ or the employee of the non-profit organization has a financial interest, may be concluded only if the highest decision-making organ permits it and if the transaction contains the most favorable conditions for the non-profit organization. Paid employees may not be members of the decision-making organ of a nonprofit organization. They may participate in their meetings without the right to vote. Article 28 Resolution of Disagreements Disagreements among the members, between them and the decision-making and executive organs or between them and the employees are solved in good faith and in conformity with the charter and rules of the non-profit organization, otherwise the question is resolved by the court. CHAPTER VI FOREIGN NON-PROFIT ORGANIZATIONS Article 29 The Activity of Foreign Non-profit Organizations Foreign non-profit organizations have the right to exercise temporary or permanent activities in the Republic of Albania, respecting Albanian legislation and good customs and under the same conditions with those of local nonprofit organizations. For the exercise of their activity in the Republic of Albania, foreign non-profit organizations may establish and register the non-profit organizations, or their branches, according to Albanian law. Article 30 Permission for Temporary Activity Except when it is provided otherwise in bilateral or multilateral agreements, foreign non-profit organizations, in order to exercise temporary activity, on their application receive only preliminary permission of the state organ that conducts activity in the same field or in fields similar to the foreign non-profit organizations. The decision of the respective state organ to issue a temporary license for activity is given no later than one month from the date of submission of the
10 request. Otherwise the approval is considered as given. Refusal of any request can be appealed in court within 30 days of receipt of notice. Temporary activities that last no longer than 30 consecutive days do not need temporary permission. Article 31 A Request and Associated Acts for Obtaining Permission for Temporary Activity Foreign non-profit organizations that intend to exercise temporary activity, besides meeting the other requirements of this law, and receipt of the permission of the respective state organ that exercises activity in the same field or in fields close to that of the foreign non-profit organization, together with the request shall also present the following documents a) A document that shows they are a juridical person in their country of origin; b) A declaration from the foreign non-profit organization itself, that the activity it intends to realize in Albania is in conformity with the purpose for which it was created and with the legislation of that country. The accompanying acts issued in other countries shall be authentic or certified regularly by the competent organ of the country where the act was issued, translated and notarized in the Albanian language. Article 32 Documents Necessary for the Registration of a Branch of a Foreign Non-Profit Organization Foreign non-profit organizations that intend to establish a branch in Albania, in addition to meeting the other requirements of law, also accompany the request for registration with the establishment act and the charter, together with the decision of its competent organ for the opening of a branch in Albania. Accompanying documents issued in other countries shall be authentic or certified regularly by the competent organ of the country where the act was issued, translated and notarized in the Albanian language. Article 33 Rights and Duties In the conduct of their activity, foreign non-profit organizations have all the rights, facilities and legal obligations as if they were local, except when it is otherwise provided by law or international agreement. CHAPTER VII LICENSING, INCOME AND ECONOMIC ACTIVITY Article 34 Licensing For the realization or support of the purpose and object of activity contemplated in the charter, non-profit organizations have the right to exercise any kind of lawful activity. When the exercise of an activity is subject to the need to obtain a license or permission, the non-profit organization submits a request to the competent organ, which, after determining that it fulfils all the criteria and the relevant legal procedures, gives it the respective license or permission.
11 In the registration decision, the judge shall also give an expression about the fulfillment of the obligation to request and obtain the respective license or permission as a condition for the exercise by the non-profit organization of the activity that is subject to licensing or permission. A copy of the permission or license obtained by the non-profit organization, certified according to law, is deposited in the respective register of the court. Article 35 Sources and Use of Income The sources of income of a non-profit organization are income from dues, when there are such, grants and donations offered by private or public subjects, local or foreign, as well as income from economic activity and the assets owned by the non-profit organization. Non-profit organizations acquire income from the sources recognized by this law and incur expenses only to realize the purpose and object of the activity for which they were created, as well as to manage and maintain their property. No form of distribution of profit or financial and material advantage benefit from the income and profits of the non-profit organization is permitted to the persons to are subjects of the charter or establishment act, except for obligations in the form of salary, wages, payments, emoluments and compensation that derives from an employment contract or another contracts similar to it or to cover expenses performed on the order and for the account of the non-profit organization. In special cases, associations may give financial aid to their members, outside persons or other subjects. Associations may give such assistance also from donated funds or those put at their disposition, when the donors have expressly granted such a right. Article 36 Economic activity A non-profit organization has the right to exercise economic activity for the realization of the purpose and object of its activity. A non-profit organization may exercise economic activity without having to create a separate subject for this reason, provided that the activity is in conformity with the purposes of the non-profit organization, has been declared as one of the sources of income, and provided that the activity is not the primary purpose of the activity of the organization. If a non-profit organization realizes profits through the exercise of economic activity, it shall be used to accomplish the purposes specified in the charter and the establishment act. Article 37 Collection of funds Non-profit organizations have the right to perform activities for the collection of funds and to use them for meeting the purposes and object of their activity, or to support the purposes and activities of other non-profit organizations. The rules for the public collection of funds are determined by separate law. Article 38 Relations with donors Financial relations and mutual rights and obligations with donors are realized in conformity with the respective agreements, but respecting the requirement of the charter of the non-profit organization and of this law. Financial or material assistance given for illegal purposes or which is obtained through illegal sources is not allowed.
12 Article 39 Donations and Contracting with State Organs Non-profit organizations have the right to take part, like all other juridical persons, in the filed of undertaking projects, tendering and procuring grants, contracting and purchases and sales by state organs of public services, public properties and goods, as well as the transferring of public services and the respective properties from the public sector to the non-profit organizations. Article 40 Relief and Exemption from Fiscal Obligations Relief and exemptions of non-profit organizations from tax and customs obligations are set by law. Regardless of the form of organization, the purpose they follow and the activity they exercise, non-profit organizations are exempt from tax on revenues realized from donations and membership dues. Natural and juridical persons who give assistance by donations to non-profit organizations are entitled to obtain relief from income tax according to law. Article 41 Supervision of Non-Profit Organizations The competent state organs have the right to supervise non-profit organizations regarding the implementation of tax and customs legislation, social insurance legislation, the licensing of the exercise of economic activity, contracting of the exercise of public and social services, and for the fulfillment of their activities with funds from the State Budget. CHAPTER VIII TRANSFORMATION, MERGER, INTERRUPTION OF ACTIVITY AND DISSOLUTION Article 42 Transformation and merger Non-profit organizations have the right to be transformed or merged by a decision of the competent organ according to the basic act and are considered dissolved upon the registration of the new subject. The transformation of an organization without membership, merger with another non-profit organization or their division can be done only when it is contemplated in the charter. Transformation and merger of foundations and centers into associations or of associations into a foundation is not permitted. Article 43 Self-dissolution A non-profit organization is dissolved on its own initiative. Article 44 Dissolution by Court Decision A court may decide the dissolution of a non-profit organization on the request of its members, its decision-making organs, or the competent state organ in cases when: a) the activity of the non-profit organization comes into conflict with the Constitution; b) the non-profit organization performs illegal activity;
13 c) the non-profit organization was not established according to the requirements of law; ç) the non-profit organization has gone bankrupt according to the law of bankruptcy. Except when the activity of the organization constitutes a serious threat to the public, the court shall inform the organization in writing about the violation of law and give it 30 days to correct its activity. Article 45 Manner of Examining the Request The examination of a request to dissolve a non-profit organization is done in the presence of representatives of the non-profit organization, of the supervising organ and, as the case may be, the members who presented the request. When, on the request of the interested parties contemplated in the first paragraph of article 44, the court assesses that it is the case, it preliminarily recommends to the non-profit organization to take action to conform its program or activity with the Constitution and this law, in a set time period, suspending the examination of the case. When the recommendations are applied properly, the court decides to end the adjudication. Otherwise, it examines the case after the set time period has been completed. Article 46 Liquidation When dissolution has been decided by the non-profit organization itself, the liquidation is realized by one or more liquidators, designated according to the charter and always before de-registration by the court. When the court decides on the dissolution, it also designates a liquidator, vesting in him the competencies necessary for the conduct of the liquidation procedure. In all cases, the liquidators have authority and responsibility over the assets, the property and the representation of the non-profit organization and of [word missing], from the date of their appointment until the conclusion of the liquidation. Article 47 The Activity of the Liquidators The liquidators evaluate the financial condition of the non-profit organization and its property at the moment of the taking of the decision for its dissolution, and they identify all the possible creditors and debtors. After the payment of the obligations that the organization has to the state and to other creditors and the receipt of obligations from third parties, the liquidator values the property that remains and sees that this property goes to the destination specified by the charter, its competent organ, the court or the law. In no case is distribution or disposition in favor of the members or other persons who are subjects of the charter or the establishment act of the organization or their relatives permitted. In cases when the non-profit organization has obtained tax exemptions or fiscal relief, donations from the public or state grants, all property that remains after the payments of obligations is distributed to other non-profit organizations that follow the same goals as or goals similar to the liquidated
14 organization. In cases when a non-profit organization dissolves voluntarily, the organizations profiting from the property that remains are specified in the charter or in a decision of the highest decision making organ. When this specification is not done, the organizations that profit are determined by the court. Article 48 De-Registration When the dissolution has been decided by the non-profit organization itself, the competent organ according to the charter approves the final report of the liquidator and asks the court to de-register the non-profit organization. In cases when the competent organ of the non-profit organization does not approve the final report of the liquidator or the dissolution, and the court has decided in the liquidation in a judicial session in the presence of the representatives of the non-profit organization and the liquidator, it examines the final report of the liquidator and takes a decision on its de-registration. CHAPTER X TRANSITIONAL AND FINAL PROVISIONS Article 49 Supplemental Actions of Non-profit Organizations Foreign non-profit organizations with temporary activity in Albania shall submit a request for approval by the competent state organ that exercises activity in the same field or in a field close to that of the foreign non-profit organization within six months from the entry of this law into force. Otherwise, the foreign non-profit organizations with temporary activity in Albania interrupt their activity. Foreign non-profit organizations that have permanent activity with independent branches or affiliated offices in Albania and who have not registered according to Albanian law continue their activity. Within one year from the entry of this law into force, they shall submit a request and be registered in court, otherwise they lose the status of a juridical subject and their activity is considered unlawful. Article 50 Regulation of the Required Form for Existing Non-profit Organizations In cases when the activity of existing non-profit organizations is not in conformity with the provisions of this law, within one year from the entry of this law into force they shall go to court to make the necessary regulation. The court expresses itself only in the cases when the amendments deposited are not in compliance with the provisions of this law. The regulation made in implementation of the first paragraph of this article are considered amendments and not as re-registration. Article 51 Law no dated April 7, 1993 "On Foundations" is repealed. Article 52 Entry into Force This law is effective 15 days after publication in the Official Journal. Chairman Skënder Gjinushi  Translator s note: in this unofficial copy from Parliament, there are two article 12 s, since the paragraphs were not renumbered after the last-minute
15 insertion of the article on centers. This may be corrected by the time of publication.  Translator s note: letters f, g and gj are missing from the copy furnished by Parliament; again, this may be corrected (that is, the paragraphs may be relettered) in the published version.
Law of the Republic of Kazakhstan dated April 22, 1998 220-I On limited liability companies and additional liability companies (with alterations and amendments as of 29.12.2014) CHAPTER I. General provisions
COMPANY LAW OF MONGOLIA CHAPTER 1 GENERAL PROVISIONS Article 1. Purpose of the Law 97.1. The purpose of this Law is to regulate the establishment, registration and reorganization of a company, its management
LAW OF THE REPUBLIC OF TAJIKISTAN ON LIMITED LIABILITY COMPANIES CHAPTER 1. GENERAL PROVISIONS CHAPTER 2. FOUNDATION OF LIMITED LIABLITY COMPANY CHAPTER 3.AUTHORIZED CAPITAL OF A COMPANY CHAPTER 4. PROPERTY
LAW OF THE REPUBLIC OF ARMENIA Adopted on October 24, 2001 CHAPTER 1. GENERAL PROVISIONS Article 1. Scope of the Law This law regulates the legal relationships arising from establishment, activity, reorganization
LAW OF THE REPUBLIC OF KAZAKHSTAN ON LIMITED LIABILITY PARTNERSHIPS AND ADDITIONAL LIABILITY PARTNERSHIPS OF APRIL 22, 1998 N 220-1 (with amendments and additions as of August 7, 2007) CHAPTER I. GENERAL
Companies Law of the People's Republic of China Order of the President of the People s Republic of China No. 42 The Companies Law of the People s Republic of China has been revised and adopted at the 18th
Adopted by the Board of Directors 08/09/01 Revised 12/7/04; 10/10/07; 06/30/11 AMENDED BYLAWS OF SAN MARCOS UNIVERSITY CORPORATION A California Nonprofit Public Benefit Corporation ARTICLE I Objectives
CORPORATE LEGAL FRAMEWORK IN JORDAN Legal reference: The Companies Law No. 27 of 2002 and its amendments Under the Jordanian different types of companies offer different advantages and have different requirements
PAYMENT TRANSACTIONS ACT (PTA) Published in the Official Gazette of the Republic of Slovenia No. 30 on 5 April 2002 All effort has been made to ensure the accuracy of this translation, which is based on
Sole Statutory Member- Selected Provisions for By- Laws (California) ARTICLE VI MEMBERS Section 1. SOLE STATUTORY MEMBER. Unless and until these bylaws are amended to provide otherwise, XYZ, shall be the
BYLAWS OF PAAIA FUND A Delaware Nonstock, Nonprofit Corporation BYLAWS OF PAAIA FUND SECTION 1 PURPOSES AND OFFICES. 1.1 Purposes. The PAAIA Fund (the Corporation ) is a nonprofit organization incorporated
REPUBLIC OF SOUTH AFRICA NONPROFIT ORGANISATIONS ACT REPUBLIEK VAN SUID-AFRIKA WET OP ORGANISASIES SONDER WINSOOGMERK No, 1997 ACT To provide for an environment in which nonprofit organisations can flourish;
CROATIAN PARLIAMENT 3136 Pursuant to Article 88 of the Constitution of the Republic of Croatia, I hereby issue the DECISION PROMULGATING THE ACT ON AMENDMENTS TO THE COMPANIES ACT I hereby promulgate the
BYLAWS OF THE PINEYWOODS COMMUNITY ACADEMY Article I Name The name of the organization shall be Pineywoods Community Academy (The Academy). Article II Purposes The purposes of the Academy are to advance
R E P U B L I C O F A R M E N I A L A W ON JOINT-STOCK COMPANIES - YEREVAN 2001-1 REPUBLIC OF ARMENIA LAW ON JOINT-STOCK COMPANIES CHAPTER I. GENERAL PROVISIONS Article 1. Objectives and Scope of Law 1.
LIMITED LIABILITY COMPANY OPERATING AGREEMENT, LLC A MemberManaged Limited Liability Company OPERATING AGREEMENT THIS OPERATING AGREEMENT is made and entered into effective, 20, by and among: [list the
Published in the Gazette of the Parliament of Georgia (November 19, 1996) Law of Georgia On Normative Acts Chapter I General Provisions Article 1 This Law shall define the types and hierarchy of normative
Legal notice All effort has been made to ensure the accuracy of this translation, which is based on the original Slovenian text. All translations of this kind may, nevertheless, be subject to a certain
This document is an unofficial English translation of the statutes of the foundation Centre for Evidence-Based Management. Please note that this is an unofficial office translation, in which an attempt
Insolvency Act Insolvency Act Insolvency Act Example of quotation: Insolvency Act. Prague : Wolters Kluwer ČR, a. s., 2011, p. 216. Legal state of the publication as of 31 th August 2011. Updated version
THE LIMITED LIABILITY PARTNERSHIP BILL 2010 ARRANGEMENT OF CLAUSES 1 Short title and commencement. 2 Interpretation. PART I PRELIMINARY Clause PART II REGISTRAR AND REGISTRAR OF LIMITED LIABILITY PARTNERSHIPS
BYLAWS OF NEMOA ARTICLE I. NAME AND LOCATION The name of the association is NEMOA (the Association ), a Maine nonprofit corporation organized and existing pursuant to the Maine Nonprofit Corporation Act,
organizations funded by the state budget, other units of state importance, and certain public facilities. The main authority responsible for the implementation of the Second Privatization Program and coordination
Disclaimer: The following English version of the Trade Insurance Act is for reference purposes only. The Korean language version shall be binding and enforceable on all parties at all times. In no event
The Law of the Republic of Azerbaijan on Non-Bank Credit Institutions This Law shall define the rules on establishment, management and regulation of non-bank credit institutions with an aim to better meet
Supplementary materials XX Merger, transformation and dissolution of business entities The dissolution of business entities is described within the Companies Law. Examples of dissolution provided by the
THE STOCK EXCHANGE ACT Complete wording of the Act on the Stock Exchange of 18 June 2002 No 429/2002 Coll. as results from amendments made by Act No 594/2003 Coll., Act No 635/2004 Coll., Act No 43/2004
BYLAWS OF CHOR, INC. (a Delaware non-profit, non-stock corporation) As Adopted on November 15, 2013 and amended on September 10, 2014 ARTICLE I NAME & PURPOSES Section 1. Name. The name of the corporation
English Translation of Finance Companies Control Law Article 1 Introductory Chapter Definitions The following terms and phrases wherever mentioned in this Law shall have the meanings assigned thereto unless
LITHUANIA LAW ON COMPANIES Important Disclaimer This translation has been generously provided by the Lithuanian Securities Commission. This does not constitute an official translation and the translator
BYLAWS OF SCIOPEN RESEARCH GROUP, Inc. (a Delaware Non Stock Corporation) ARTICLE I NAME AND OFFICE Section 1 Name. The name of this corporation is SciOpen Research Group, Inc. (hereinafter referred to
Issuer: Riigikogu Type: act In force from: 23.03.2014 In force until: 31.12.2016 Translation published: 02.04.2014 Amended by the following acts Passed 14.06.2000 RT I 2000, 57, 374 Entry into force 01.01.2001,
BYLAWS OF THE HERITAGE HIGH SCHOOL DRAMA BOOSTER ASSOCIATION A VIRGINIA NONPROFIT NONSTOCK CORPORATION ARTICLE I. Name 1. The name of the organization shall be Heritage High School Drama Booster Association.
BYLAWS OF SOCIETY OF CORPORATE COMPLIANCE AND ETHICS & HEALTH CARE COMPLIANCE ASSOCIATION This instrument constitutes the Bylaws of Society of Corporate Compliance and Ethics & Health Care Compliance Association,
BYLAWS OF ALABAMA SCHOOL CONNECTION an Alabama Nonprofit Corporation ARTICLE I - NAME OFFICE, and PURPOSE Section 1. Name. The name of this Corporation is Alabama School Connection, (hereinafter referred
THIRD AMENDED AND RESTATED CERTIFICATE OF INCORPORATION OF DYNEGY INC. Pursuant to Section 303 of the Delaware General Corporation Law Dynegy Inc., a corporation duly organized and validly existing under
BYLAWS OF TEXAS AMBULANCE ASSOCIATION, INC. ARTICLE I OFFICES Section 1.01 The initial registered office and registered agent of the corporation is as set forth in the Articles of Incorporation. Section
CIVIL CODE OF AZERBAIJAN (unofficial translation) Article 87. Limited Liability Company 87.1. A limited liability company means company established by one or more persons (natural persons and (or) legal
ALASKA DUCKS CHAPTER CHARTER AND CHAPTER COMMITTEE BYLAWS Article I: NAME CHAPTER CHARTER The name of this organization shall be the Alaska Ducks (Chapter), a chartered alumni group of the University of
THE LAW ON NATIONAL COUNCILS OF NATIONAL MINORITIES I. GENERAL PROVISIONS Article 1 This law governs the competences of the national minority councils (hereinafter referred to as the national councils)
GENERAL TERMS AND CONDITIONS Contents A. SCOPE...3 B. CONFIDENTIALITY, NAME, INTELLECTUAL PROPERTY AND TAX EXEMPT STATUS OF THE WTO...3 B.1. Confidentiality...3 B.2. Use of the name, logo or official seal
LAW ON BANKRUPTCY AND LIQUIDATION OF BANKS AND INSURANCE COMPANIES ( Official Gazette of the RoS, nos. 61/2005, 116/2008 and 91/2010) I. GENERAL PROVISIONS Article 1 This Law defines the terms and proceedings
BYLAWS OF ARIZONA PSYCHOLOGY TRAINING CONSORTIUM an Arizona nonprofit corporation ARTICLE I Offices Section 1. Organization. ARIZONA PSYCHOLOGY TRAINING CONSORTIUM (the "Corporation") is a nonprofit corporation
CONTROL OF FINANCIAL SERVICES (PROVIDENT FUNDS) LAW -2005 UP-TO-DATE FULL TEXT ENGLISH TRANSLATION CONTROL OF FINANCIAL SERVICES (PROVIDENT FUNDS) LAW 5765-2005 2 CONTENTS CONTROL OF FINANCIAL SERVICES
BYLAWS OF OPC FOUNDATION (an Arizona Nonprofit Corporation) ARTICLE I OFFICES, CORPORATE SEAL, OFFICIAL LANGUAGE Section 1.01. Organization. OPC FOUNDATION (the "Corporation") is a nonprofit corporation
PUBLIC SERVICE ACT 2005 An Act to make provision in respect of the public service of Lesotho and for related matters. Enacted by the Parliament of Lesotho Short title and commencement PART I - PRELIMINARY
CERTIFICATE OF FORMATION OF SAMPLE CHARITY I, the undersigned natural person of the age of eighteen (18) years or more and a citizen of the State of Texas, acting as organizer of a corporation under the
LAW ON BANKRUPTCY PROCEEDINGS DRAFT JUNE 23, 2003 BANKRUPTCY LAW / INSOLVENCY LAW PART ONE: GENERAL PROVISIONS Scope of the Law... Article 1. Inability to Pay (Insolvency)... Article 2. Presumed Insolvency...
New South Wales Sydney 2009 World Masters Games Organising Committee Act 2005 No 65 Contents Part 1 Part 2 Part 3 Preliminary Page 1 Name of Act 2 2 Commencement 2 3 Definitions 2 Constitution of SWMGOC
AMENDED AND RESTATED LIMITED LIABILITY COMPANY AGREEMENT OF ICE TRADE VAULT, LLC A DELAWARE LIMITED LIABILITY COMPANY Intercontinenta!Exchange, Inc., a Delaware Corporation ("ICE" or the "Member") hereby
BYLAWS OF CHAMPIONS MADE FROM ADVERSITY A GEORGIA NONPROFIT CORPORATION TABLE OF CONTENTS ARTICLE I INTRODUCTORY... 1 Section 1.1 Name... 1 Section 1.2 Purpose... 1 Section 1.3 Offices... 1 Section 1.4
LAW ON THE CENTRE FOR TRAINING IN JUDICIARY AND STATE PROSECUTION SERVICE I. GENERAL PROVISIONS Scope of the Law Article 1 This Law shall establish the Centre for Training in Judiciary and State Prosecution
BYLAWS OF NATIONAL EMPLOYMENT LAWYERS ASSOCIATION/NEW JERSEY A New Jersey Nonprofit Corporation ARTICLE I NAME, LOCATION, AND PURPOSE Section 1.1. Name. The name of the Corporation is National Employment
ARTICLES OF INCORPORATION 501(c) (3) FOR CALIFORNIA GRAND JURORS ASSOCIATION The name of this corporation is California Grand Jurors Association I II A. This corporation is a nonprofit public benefit corporation
Digital Public Library of America, Inc. (a Delaware Nonstock Corporation) Certificate of Incorporation ARTICLE I NAME The name of the corporation is Digital Public Library of America, Inc. (the Corporation
Ministry of Labour and Social Policy LAW ON VOLUNTARY FULLY FUNDED PENSION INSURANCE 1 Table of Contents CHAPTER 1 GENERAL PROVISIONS... 3 CHAPTER 2 VOLUNTARY PENSION FUNDS... 7 CHAPTER 3 PENSION COMPANIES
Act on Special Measures concerning the Handling of Legal Services by Foreign Lawyers (The amendment act comes into effect as from March 1, 2016 (Act No. 69 of 2014 comes into effect as from April 1, 2016)
The Trust Deed is a complex document and the following is a summary only. Investors should refer to the Trust Deed itself to confirm specific information or for a detailed understanding of The Link REIT.
/unofficial translation/ LAW OF THE REPUBLIC OF GEORGIA ON CITIZENSHIP OF GEORGIA Citizenship is the stable legal relationship of a person with the state which is expressed in the totality of their mutual
Summary Outline of Mississippi Revised LLC Act (House Bill 683) In General The Revised Act is very friendly to small business but also supports freedom of contract principles. Existing LLCs that have written
AMENDED BY-LAWS OF STEELCASE INC. Amended as of: April 17, 2014 ARTICLE I Offices SECTION 1.01. Offices. The corporation may have offices at such places both within and without the State of Michigan as
BY-LAWS OF MISSOURI ONE CALL SYSTEM, INC. Inc." Section 1. ARTICLE I Name and Purposes of the Business Name. The name of this Corporation shall be "Missouri One Call System, Section 2. Purpose. The purpose
CHAPTER 6 PROVINCES Provinces 103. (1) The Republic has the following provinces: (a) Eastern Cape; (b) Free State; (c) Gauteng; (d) KwaZulu-Natal; (e) Limpopo; (f) Mpumalanga; (g) Northern Cape; (h) North
Act No. 9267 date 29.07.2004 On the Activity of Insurance, Reinsurance and Intermediation in Insurance and Reinsurance In reliance to articles 78, and 83 part 1 of the Constitution, upon the proposal of
BYLAWS OF THE NAEPC EDUCATION FOUNDATION (A Delaware Nonprofit Corporation) ARTICLE I - DEFINITIONS As used in these Bylaws, unless the context otherwise requires, the following terms shall have the meanings
PRIVATE COMPANY LIMITED BY GUARANTEE ARTICLES OF EUROCLOUD UK LIMITED INDEX TO THE ARTICLES PART 1 INTERPRETATION AND LIMITATION OF LIABILITY 1. Defined terms 2. Liability of members 3. Directors general
Background to and purpose of the Act PERSONAL INSOLVENCY ACT 2012 EXPLANATORY MEMORANDUM The Act provides for the reform of personal insolvency law and will introduce the following new non-judicial debt
On December 23, 2013, the debtor Metropolitní spořitelní družstvo v likvidaci, having its registered office at Balbínova 404/22, Prague 2, Postal Code 120 00, Identification Number: 255 71 150, registered
CAP. 30A LAWS OF KENYA LIMITED LIABILITY PARTNERSHIP ACT CHAPTER 30A Revised Edition 2012  Published by the National Council for Law Reporting with the Authority of the Attorney-General www.kenyalaw.org
THE LAW OF GEORGIA ON NON-BANK DEPOSITORY INSTITUTIONS - CREDIT UNIONS CHAPTER I General Provisions Article 1. Definitions of Terms The terms used in this Law, shall have the following meanings: a) Non-bank
KAZAKHSTAN LAW ON JOINT STOCK COMPANIES Important Disclaimer This does not constitute an official translation and the translator and the EBRD cannot be held responsible for any inaccuracy or omission in
2836. European Works Councils Act (ZESD) Pursuant to the second indent of the first paragraph of Article 107 and the first paragraph of Article 91 of the Constitution of the Republic of Slovenia, I hereby
Unofficial translation The Saeima 1 has adopted and the President has proclaimed the following Law: THE INSURANCE CONTRACT LAW Chapter I GENERAL PROVISIONS Article 1. Definitions 1) sum insured - the amount
The Law of the City of Moscow No. 30 dated the 30 th of June 2010 On the Chamber of Control and Accounts of Moscow In accordance with the federal legislation and the Moscow City Charter, this Law shall
ANNUAL COUNCIL MEETING Philadelphia, PA October 30, 2011 REPORT OF THE BYLAWS AND PROCEDURES COMMITTEE 1 REPORT OF THE BYLAWS AND PROCEDURES COMMITTEE The Bylaws and Procedures Committee has drafted this
SOCIETY FOR FOODSERVICE MANAGEMENT FOUNDATION (a Delaware nonprofit, non-stock corporation) Bylaws ARTICLE I NAME AND PURPOSE Section 1.1. Name. The name of the Corporation is Society for Foodservice Management
Title 13-B: MAINE NONPROFIT CORPORATION ACT Chapter 7: DIRECTORS AND OFFICERS Table of Contents Section 701. BOARD OF DIRECTORS... 3 Section 702. NUMBER AND ELECTION OF DIRECTORS... 3 Section 703. VACANCIES...
Bishkek, House of Government July 23, 2002, #124 THE KYRGYZ REPUBLIC LAW On Micro-finance organizations in the Kyrgyz Republic This Law outlines the status, regulates the activities of the micro-finance
Annex 4 Political Parties Act 2007 (unofficial translation) In the Name of Allah, the Most Merciful, the Most Compassionate Political Parties Act, 2007 Pursuant to provisions of the Interim Constitution
From the Banking Regulation and Supervision Agency: REGULATION ON THE ESTABLISHMENT AND OPERATING PRINCIPLES OF ASSET MANAGEMENT COMPANIES (Published in the Official Gazette Number 26333 dated November
Your consent to our cookies if you continue to use this website.