# Council Decision of 2 March 2004 authorising the Member States to sign, ratify or accede to, in the interest of the European Community, the Protocol of 2003 to the International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage, 1992, and authorising Austria and Luxembourg, in the interest of the European Community, to accede to the underlying instruments (2004/246/EC), Article 29: Winding up of the Supplementary Fund

Extent: E+W+S+N.I.

1. If this Protocol ceases to be in force, the Supplementary Fund shall nevertheless:
(a) meet its obligations in respect of any incident occurring before the Protocol ceased to be in force;
(b) be entitled to exercise its rights to contributions to the extent that these contributions are necessary to meet the obligations under paragraph 1(a), including expenses for the administration of the Supplementary Fund necessary for this purpose.
2. The Assembly shall take all appropriate measures to complete the winding up of the Supplementary Fund, including the distribution in an equitable manner of any remaining assets among those persons who have contributed to the Supplementary Fund.
3. For the purposes of this Article the Supplementary Fund shall remain a legal person.

---
Source: https://www.legislation.gov.uk/eudn/2004/246/annex/I/article/29 (the official version)
Page: https://openlegislation.uk/eu-decision-2004-246/annex-I/article-29
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.