# Council Regulation (EU) No 560/2014 of 6 May 2014 establishing the Bio-based Industries Joint Undertaking (Text with EEA relevance), Division 4

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

When the BBI Joint Undertaking is being wound up, its assets shall be used to cover its liabilities and the expenditure relating to its winding-up. Any surplus shall be distributed among the members at the time of the winding-up in proportion to their financial contribution to the BBI Joint Undertaking. Any such surplus distributed to the Union shall be returned to the Union budget.

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Source: https://www.legislation.gov.uk/eur/2014/560/annex/division/20/division/4 (the official version)
Page: https://openlegislation.uk/eu-regulation-2014-560/annex/division-20/division-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.