OpenLegislation

Division 5 Winding up

United Kingdom

Original text. Later amendments are not shown.

(Article 28 of the Statutes of EMBRC-ERIC)

  1. 1..

    The winding up of EMBRC-ERIC shall follow a decision by the General Assembly in accordance with Article 15(9) of the Statutes.

  2. 2..

    The Commission shall be notified in writing within 10 days by the Executive Director of:

    1. (a)

      the General Assembly's decision to wind up; and again of

    2. (b)

      the closure of the winding-up procedure.

  3. 3..

    Without prejudice to Article 9 of the Statutes, any assets and liabilities remaining after payment of the EMBRC-ERIC's assets or debts shall be apportioned among the Members in proportion to their accumulated contribution to EMBRC-ERIC at the time of dissolution.

  4. 4..

    EMBRC-ERIC shall cease to exist on the day on which the Commission publishes the appropriate notice in the Official Journal of the European Union.