Final Provisions

Art.35 – The Association may cease to exist by dissolution followed by liquidation. During liquidation, the association keeps its legal personality as registered initially.

Art. 36 – Dissolution and liquidation is performed according to law in force.

Art. 37 – In case of dissolution, the assets remaining after liquidation may not fall to natural persons.
All these assets will fall to public legal entities or corporate entities that promote an identical or similar purpose.

Art. 38 – The Association stops to be an entity the date of erasure from the Register of associations and foundations.
Erasure is based on the legally issued documents certifying liquidation.

Art.39 – The Association’s business year is the calendar year, starting on 1st January and ending on 31st December. The first business year begins after approval of legal personality.
The end of the business year is 31st December.

Art.40 – Any change of the constituency guidelines and of the statute is possible only by a General Assembly decision at the Board’s proposal.

Art. 41 – Division, merger or dissolution of the association may be decided only by the General Assembly, complying with legal provisions.

Art. 42 – Litigations involving the Association will be solved on friendly terms initially; in case of failure, litigations go to court in Bucharest.

Art. 43 – The G.O.no.26/2000 regarding associations and foundations, approved with amendments by Law no.246/2005 and the provisions of the Decree no.31/1954 regarding legal persons, as well as legislation in force complete the present statute.