Statutes of Euro Fed Lipid

Lower Court Frankfurt
VR 12887

§1 Name
[updated 16.08.2012]

§2 Purpose
[updated 22.09.2014]

§3 Fulfilment of Purpose
[updated 16.08.2012]

The aims of Euro Fed Lipid shall in particular be achieved by way of

§4 Business Year
[updated 16.08.2012]

The business year of Euro Fed Lipid shall be the calendar year.

§5 Membership
[updated 16.08.2012]

§6 Admission as Member
[updated 16.08.2012]

§7 Termination of Membership
[updated 16.08.2012]

§8 Member's Contribution
[updated 16.08.2012]

§9 Corporate Organs
[updated 16.08.2012]

Organs of the federation are

§10 General Assembly
[updated 16.08.2012]

§11 Invitation to the General Assembly
[updated 16.08.2012]

§12 Resolutions of the General Assembly
[updated 16.08.2012]

§13 Extraordinary General Assembly
[updated 16.08.2012]

§14 Council of Management
[updated 16.08.2012]

§15 Assignments of the Council of Management
[updated 16.08.2012]

§16 Personal Activity and Reimbursement of Expenditures
[updated 16.08.2012]

Functions as a member of the council of management or a division chair are performed on a voluntary basis in principle. The General Assembly may at its discretion decide whether members of the council of management or division chairs shall be entitled to adequate wages. Reimbursement of expenditures will be permitted. No person shall be entitled to preferential treatment in the form of expenditure that is foreign to the purposes of the Federation or in the form of disproportionately high remuneration.

§17 Management
[updated 16.08.2012]

In coordination with the Board, the Managing Director shall be responsible for taking all suitable and necessary measures to fulfil corporate purposes. The Managing Director shall be subject to instructions from the Council of Management and shall carry out the resolutions of the Council of Management and of the General Assembly.

§18 Duty to Impartiality and Secrecy
[updated 16.08.2012]

The Council of Management, divisions, and the Managing Director shall be committed to impartiality in carrying out their assignments for Euro Fed Lipid subject to the Charter. They shall maintain secrecy regarding business and operational secrets and other confidential matters of which they become aware due to their activities with Euro Fed Lipid. This commitment shall continue to apply even after termination of the involvement with Euro Fed Lipid.

§19 Dissolutionr
[updated 22.09.2014]

If it is resolved to dissolve Euro Fed Lipid or if tax privileges cease to apply, the assets still on hand shall be transferred to Deutsche Gesellschaft für Fettwissenschaft e.V., Münster, which shall use it solely and directly to further science and research, especially European oil and lipid research, providing this association still meets the requirements for tax relief in the sense of the regulations governing non-profit organisations at the time of transfer. Should this requirement not be met, the Meeting of Members shall decide to which non-profit organisation the remaining assets are to be transferred.

established 5 September 2004 in Edinburgh changed: 23. November 2010 (§16) 20. September 2011 (§14 1+2) 16. September 2014 (§2 and §19)