The Society shall be called “INTERNATIONAL FEDERATION OF NEUROENDOSCOPY” (acronym: IFNE) hereafter referred to as “the SOCIETY”. Its registered seat is Athens, Greece. The Society shall be a civil non-profit partnership, operating under the present statute and articles 61 on. and 741 on. of the Greek Civil Code.
The Society will use the above shown logo in all its official communications. The logo and/or the name of the Society may be changed only after a majority agreement of the Executive Board.

The Society has the following purposes and pursuits the following objectives:

1. to contribute in the advancement of neuroendoscopy in a local, national and international level, by representing and collaborating with all neurosurgical or sister disciplines’ Societies in Commissions, International Organizations and Forums;
2. to contribute in the effective communication among neurosurgeons actively practicing neuroendoscopic and minimally invasive neurosurgical operations, as well as basic scientists, engineers and other specialists in related fields and disciplines;
3. to mediate for the development and promotion of scientific knowledge, surgical technique and instrumentation within the area of neuroendoscopy;
4. to promote worldwide collaborative research in the field of neuroendoscopy for the benefit of patients; 
5. to enhance active co-operation, education and training among neuroendoscopic surgeons on a worldwide scale;
6. to promote high standards of training in the neuroendoscopic subspecialty on an international level for present and prospective
   neuroendoscopic surgeons;
7. to develop guidelines and good-practice indications for neuroendoscopic procedures.

The Society purposes shall be served through the organization of scientific meetings and educational activities, publications, committee activities, and any other action that will be deemed appropriate within the above framework.

Funding
The Society’s funding shall be ensured through:

1. donations, sponsorships, legacies and other gratis contributions;
2. proceeds of activities organized by the Society;
3. membership fees (see article 4).

The income provided by the Society’s funding will be irrevocably and exclusively used for the Society’s purposes as mentioned above in Article 2.

The Society, as a Non-Profit Association, is required to hold a VAT number issued by relevant Financial Services Department (FIU) in order to conduct financial transactions with other authorities and bodies.

Eligible members for admission to the Society are the following:

• Neurosurgeons practicing neuroendoscopy 
• Individuals from the technological field interested in neuroendoscopy
• Nurses and allied health professionals interested in neuroendoscopy
• Medical doctors from non-neurosurgical disciplines interested in neuroendoscopy
• Members of associations affiliated with IFNE

Membership categories:

• ACTIVE MEMBERS: Active Members will be neurosurgeons actively engaged through their clinical practice in neuroendoscopy. Active membership will be registered by the Chairperson of the Membership Committee, upon submission of an application and a short curriculum vitae, as well as payment of an admission fee, to the equivalent of the annual active membership fee. The amount of the annual fee will be dictated by the Executive Board. 
• ASSOCIATE MEMBERS: Associate Members will be nurses, allied health professionals, individuals from the technological field and medical doctors from non-neurosurgical disciplines. Associate membership will be registered by the Chairperson of the Membership Committee, upon submission of an application, a short curriculum vitae, and recommendation letters from two (2) active members of the society; payment of an admission fee, to the equivalent of the annual associate membership fee, is required. The amount of the annual fee will be dictated by the Executive Board. 
• AFFILIATE MEMBERS: Affiliate Members will be members of associations affiliated to the IFNE by official decision of the Society Executive Board. Affiliate members have an honorary membership status, are not required to pay a membership fee and cannot sit as members of the Executive Board or other Committees and Sections of the Society. Associations can be recognized as affiliate to the Society by a) declaring their interest in writing to the Society President or Secretary, or b) by invitation from the Society President. For recognition of an association as Affiliate, a majority approval of the Executive Board is required. Status of affiliate membership for individuals is automatically recognized upon official admission of their association to the Society as Affiliate.
• HONORARY MEMBERS: Honorary Members will be individuals who have made an outstanding contribution to the field of neuroendoscopy or the Society. A person can be elected as an Honorary Member upon unanimous vote of the Executive Board. Honorary members are eligible to participate in the Society’s activities and can be members of standing or special committees, but have no right to vote. Honorary members are exempted from payment of annual membership dues.

Active Members have the right to vote during the General Assembly and can be nominated for the Executive Board, provided their annual membership fee has been duly paid.
Associate Members have the right to vote during the General Assembly, provided their annual membership fee has been duly paid. However, they cannot be nominated for the Executive Board.

Α. Resignation
Members who wish to resign from the society should submit their resignation in writing to the Society Secretary, who shall present it to the Executive Board. The resignation is effective as of the end of the current calendar year. Delay of notice is determined at six months, serious reasons exempted.

Β. Expulsion
The following will notably constitute grounds for expulsion from the Society:

1. Proven intention to discredit or damage the reputation or the activities of the Society by conscious actions or conclusive evidence that the person in question has acted in a manner derogatory to the reputation of the Society of any of its members;
2. Stripping of professional license or academic degree of any member will lead to his/her expulsion from the Society;

A proposal for expulsion must be submitted in writing to the Executive Board signed by at least two (2) Active Members of the Society, accompanied by full and detailed justification. The expulsion decision is made by the Executive Board’s unanimous secret vote. 
The member in question will be sent notification of the decision in writing within two (2) months of its issuance. Should the member in question eventually resign during this procedure, the procedure will be considered as closed and it will not be brought to the attention of the General Assembly. The member in question has a right of appeal against this decision within two (2) months of receipt of the respective notification. Final decision on the appeal will be made during the next meeting of the Executive Board; a majority vote is required. Final notification will be sent in writing within two (2) months of the issuance of its decision.

C. Suspension
Active or associate membership will be suspended after failure to pay the annual membership fee for two (2) consecutive years. 
Failure to pay the annual membership fee is conveyed by the Society Secretary to the Membership Committee Chairperson, who then submits a proposal for membership suspension to the Executive Board. The decision to suspend active or associate membership is made by the majority vote of the Executive Board; the member in question will be sent notification of the decision in writing within two (2) months of its issuance. The member in question has a right of appeal against this decision within two (2) months of receipt of the respective notification. Should the member in question proceed with the payment of the membership dues owed within two (2) months from receipt of the notification or present proof that the payment is realized, the membership status will be restored, after ratification by the majority vote of the Executive Board. Final notification of restoration of membership status will be sent in writing within two (2) months of the issuance of the decision.

The bodies of the Society are:
1.  The General Assembly (GA)
2.  The Executive Board (EB)

The General Assembly (GA) is the Supreme Body of the Society, which decides on any matter not provided for by the Statute.
The responsibilities of the General Assembly include:

• monitoring the actions of the EB;
• election of the collective bodies of the Society;
• ratification or amendment of the agenda proposed by the EB;
• decision to approve or not the action report of the EB, as well as the financial balance report, outcome and budget;
• amendment of the Society By-Laws, in accordance with the provisions of Article 16 of this Statute.

The GA elects, with an open vote among its members, its Chairman, who presides its session, as well as a Secretary who keeps its session’s minutes. Until the election of the GA Chairman, the meeting is presided by the EB President or his legal substitute.

Only active and associate members who have duly paid the fee of the year before the GA have the right to vote and to stand as candidates for the Society bodies.
The GA quorum is checked before the election of its Chairman; it is valid for the its duration and is established if ½ plus one of its financially settled members is attending. GA decisions are taken on an "absolute majority" of the present members, i.e. 1/2 plus one of the votes, except in cases where, according to the present Statute and the Law, it is defined otherwise.
The GA decides on any issue on the agenda or put forward for discussion before its session begins, upon proposal of any active/associate member and a 1/5 vote of attending members.
GA decisions are recorded in the GA Book of Proceedings and signed by the GA Chairman and Secretary. In case of body elections, the proceedings are also signed by four (4) members present, elected by the GA at the same time its Chairman and Secretary are elected, whom constitute the Electoral Board. The Electoral Board carries out all voting procedures and ballot count. On the day of elections, it receives the keys of the GA session hall and keeps this area closed; the Electoral Board is subject to any criminal and civil liability in case of the contrary.
GA meetings are divided into ordinary and extraordinary.

The Ordinary General Assembly will take place during the Society’s Congress in the latter’s venue or the Society’s seat or any other place ordered by the GA.

During the General Assembly, the agenda will include, among others, the following items: 

1. A report of activities by the President, a Secretary report, a Treasurer’s report, a report of the Liaison Committee, a report of the Scientific/Publications Committee, a report of the Education Committee, as well as a report of the Audit Committee
2. Newly assigned functions 
3. New members’ admission
4. Statute amendments
5. Approval of recommendations regarding issues presented by the Executive Board

In exceptional circumstances, the President or any member of the Executive Board or any member elected for an office in the Society can call a Special Assembly. The convocation must be announced three (3) months in advance, followed by a specific agenda for the Assembly. Any items not included in the agenda will not be admitted for discussion. The quorum required for such an assembly is determined as a 2/3 majority of the persons invited. 

The Extraordinary GAs are convened by the EB President whenever necessary or at the request of one third (1/3) of the EB members or at the request of one fifth (1/5) of the Society’s members who have duly paid their annual membership fees. Should the GA convene at the request of one third (1/3) of the EB members or at the request of one fifth (1/5) of the Society’s members who have duly paid their annual membership fees, their request is addressed at the EB President and includes the items of the agenda.

In exceptional circumstances, the President or any member of the Executive Board or any member elected for an office in the Society can call a Special Assembly. The convocation must be announced three (3) months in advance, followed by a specific agenda for the Assembly. Any items not included in the agenda will not be admitted for discussion. The quorum required for such an assembly is determined as a 2/3 majority of the persons invited. 

The EB is obliged under the provisions of this article to convene an Extraordinary GA within twenty (20) days from the submission of the request and not earlier than in five (5) days.

The Extraordinary GA discusses the agenda items for which it was convened. Extraordinary GAs observe the same procedural and quorum rules as laid for the Ordinary GAs.

Ordinary and Extraordinary GAs are chaired by the EB President, or in his absence the Vice President of the EB, until the General Assembly votes its Chairman and Secretary.
The GA Chairman shall announce the beginning of the proceedings, if a quorum is established, where the minutes of the previous GA are read, validated by the GA by show of hand and signed by the GA Chairman and Secretary.
The Assembly then moves to the agenda, with the Chairman giving speakers the floor, as well as anyone who so wishes after so been declared and recorded in the Book of Proceedings.
A proposal submitted to the Assembly for discussion or voting shall not be accepted by the Chairman, unless it is made in writing by the proposer.
The members owe mutual respect during the Assembly and are called to the order by the Chairman if needed; when they misbehave, speakers will not have the floor.

Elections for the appointment of the bodies of the Society shall be announced by the GA within the deadlines set by the Statute. Election costs are borne by the Society. The Electoral Board, which is elected by the GA, is responsible for the elections procedure. Active members of the Society are entitled to participate and vote in GAs, as well as to elect and be elected in the Society bodies. Associate members of the Society are entitled to participate and vote in GAs, as well as to elect, but not to be elected in the Society bodies, in accordance with the provisions of Article 4 of this Statute. Affiliate, as well as Honorary Members may attend GAs, but have no voting rights, in accordance with the provisions of Article 4 of this Statute.
Nominations are submitted to the outgoing EB within fifteen days before the day of the elections, which will take place from October to December. If seven (7) ordinary and seven (7) substitute members, i.e. fourteen (14) nominations in total, are not covered by the EB nominees, nomination may be accepted up to two (2) days before elections date. Each voter will have the right to vote up to four (4) candidates for the election of the EB members.
The decision to hold the elections shall be posted on the notice board, which shall indicate the place and time of the elections, as well as the time at which they will be repeated in the case of a non-quorum, which may not be more than fifteen (15) from their initial date, and all active and associate members that have paid their annual fee are invited.

The Executive Board consists of seven (7) regular and seven (7) substitute members, elected by secret vote of the General Assembly of the Society, with an absolute majority of the present. The EB’s term of office is two (2) years, starting from the date of its election, while the elections for its appointment are held every two (2) years, during the months of October to December. The EB is responsible for the implementation of GA decisions and operates under a common frame and in accordance with the GAs guidelines and decisions. The EB convenes for consolidation to a body no later than seven (7) days from the date of its election. The first EB shall be convened by the first in votes member, who shall preside until the election of the President.

The ordinary EB meets regularly once a year, following an invitation stating the place, time and agenda, signed by its President and its Secretary, and sent two (2) months in advance to all its members.

The extraordinary meetings of the EB take place when a need arises and a) is convened by the President following an invitation where the place, time and agenda are stated, signed by the President and the Secretary and sent one (1) month in advance to all EB members, or b) upon written request submitted by at least two (2) members of the EB and including the proposed agenda, in which the President is obliged to convene the EB within sixteen (16) days from receipt of the request.

The EB is convened in a body, and, under the chairmanship of the outgoing President, who remains a member of the Board for the new term as Second Vice-President, elects by absolute majority in a secret vote its President, its First Vice-President, its Secretary, its Treasurer, the President of the Biennial Congress, and the Chairman of the International Study Group on Neuroendoscopy (ISGNE). In the event of a tie, the vote is repeated; in the event of a new tie, the election is made by draw. If the EB is not constituted in a body within fifteen (15) days at the most, then it is deemed to have automatically resigned, in which case a new GA is invoked by the previous Society administration to elect a new EB.

The newly appointed EB shall receive from the old administration all administrative documents, files, books, stamps, assets, etc. of the Society within a period of eight (8) days, drafting a relevant protocol in duplicate.

The EB deliberates and decides on all matters concerning the Society, in accordance with the Articles of Association and the law applicable, and in particular L. 795/71 G. 1A on Associations. It determines and approves the Budget, in accordance with its internal regulations, and submits for approval at the end of its term to the Regular General Assembly, through the Audit Committee, the balance sheet and its annual financial report.

EB members perform their duties on a voluntary basis. Compensation for personal expenses and travel expenses of EB members is not provided.
Any member of the EB that is ex officio or after judicial decision deprived of its civil rights and for as long as this deprivation is applicable suspended from the administration of the Society.

The EB has the competence and duty to handle the activities of the Society, as defined in this Statute. It is subject to the instructions of the Society in such a way that no action can be taken if it is contrary to the activities and purpose of the Society.
The quorum of the EB requires the presence of at least four (4) members, including the President, the Secretary and the Treasurer. If there is no quorum, no member of the Board may decide on the Society's articles of association. EB decisions shall be taken by a majority vote of its members present, but for cases where this Statute provides otherwise.

The President shall have, in addition to the duties provided for by law and this Statute, the following duties:

• convene and direct EB meetings, put issues to a vote and announce the opening and closing of EB meetings
• represent, together with the Secretary, the society in Courts, in all State Authorities, in all relations of the Society and in matters relating to the management of its property
• sign any outgoing document or announcement
• control and sign first the minutes, as well as prepare the agenda with the Secretary
• sign with the Treasurer payment orders
• ensure the implementation of EB decisions and the proper functioning of the Society

The term of office of the President is for one period only and cannot be renewed.

The First Vice-President (President-Elect) cooperates with the EB President to execute all EB decisions, lawfully substitutes all his duties in the event of his absence and assumes his duties in case of resignation until the appointment of the next EB, in which case the Second Vice-President will assume the First Vice-President’s duties. Upon completion of the two-year term of the EB, the Vice-President shall assume the duties of the President.

The Second Vice-President (Past Present) participates in EB meetings and votes as an ordinary member of the EB. In light of his/her experience, he consults, when required, the EB President and First Vice-President. In the case of impediment, the Second Vice-President substitutes the First Vice-President in his duties, but does not assume the duties of the President after the two-year term of the EB has expired.

The Secretary shall have, in addition to the duties provided for by law and this Statute, the following duties:

• manage the Society’s Administrative Offices
• be responsible for storing the seal, records and books of the Society provided by law
• keep record of the EB meetings and submit them to EB members, following consultation with the President
• be responsible for the proper drafting of the GA's minutes and for their signature by all members foreseen
• sign, along with the President, outgoing documents, arrange for typing texts and issue payment orders
• supervise the keeping of the Members' Register and be accountable to the EB members for their regular updating
• inform candidates of the results of the elections
• draw up, in consultation with the President, the agenda for the designated future meetings

In the case of impediment, the Secretary is substituted by another member, following decision of the EB.

The Treasurer, in addition to the duties provided for by law and this Statute, has the following responsibilities:

• Is responsible for both the financial management of the Society and its movable property.
• Receives directly what is due to the Society or is made available to the Society from any source, issuing triple-printed numbered proofs of payment, stamped and signed by the Treasurer and the President.
• Is accountable and has criminal and civil liability for any loss of money or payment without a warrant or legal documents.
• Deposits to the Bank all levy of the Society, and may keep in hand up to a thousand (1000) Euros from the Society collections, in accordance with the provisions of this Statute.
• Makes withdrawals from the Bank by check or collection receipt, endorsed by the President or his/her legal substitute.
• Acts payments for current needs with warrants signed by the President, as defined by the EB decisions.
• Submits to the EB, at each meeting or at any time upon request, a brief report on the financial status of the Society and is audited by the EB for the sound management of the Society’s assets.
• Prepares the previous management balance sheet and submits it for ratification to the EB and then for approval to the GA, the latter being the body finally deciding.
• Is responsible for the correct keeping and updating of the collections and payments books.

In the case of impediment, the Treasurer is substituted by an EB member appointed by him/her. The Treasurer mandate can never be awarded to the EB President, nor to the Audit Committee Chairman.

The Chairman of the International Study Group on Neuroendoscopy (ISGNE) is responsible for organizing, promoting and overseeing international cooperative studies of scientific interest relevant to neuroendoscopy. The ISGNE Chairman reserves the right to invite as many individuals as he/she deems appropriate to collaborate in any given study, subject to approval of the Executive Board. The ISGNE Chairman reserves the right to canvass opinions and advice from any individuals or Societies with respect to issues of scientific or clinical interest in order to fulfill ISGNE’s role in promoting collaborative research in neuroendoscopy. Any prospective study, in order to be sanctioned by the Society, needs to be presented by the ISGNE Chairman and approved by the Executive Board by a two-third (2/3) majority vote.

The President of the Biennial Congress is responsible for funding and running the Biennial Congress of the Society, with the exception of the Scientific Program, which is the responsibility of the Scientific Committee in accordance with Article 13 of this Statute. The work of the Biennial Congress President is supervised by the EB President. The duties of the President of the Biennial Congress and his/her co-operation with the Society are governed by internal rules drawn up by the EB and voted by the GA. In the event of an impediment, the President of the Biennial Congress is temporarily substituted by the EB President, until the election of a new Biennial Congress President among the members of the EB, following a decision of the latter.

An Administrative Secretariat Office will support the EB work and proceedings.
All EB members have the right to vote.

Duties of International Representatives – Committees and their cooperation with the EB

International Representatives and Committees are present during the EB meetings and contribute according to their mandate and duties. On matters that fall within their mandate, as described in detail below, a decision of the Executive Board cannot be taken without consideration of their advice and opinion.

International Representatives
International representatives represent all continents in the Society. They are elected by the EB among candidates from different countries, to ensure representation of two (2) members from South America, two (2) members from North America, two (2) members from Europe, two (2) members from Africa, (3) members from Asia and one (1) member from Australia. Their role is to promote the Society purposes to their countries and continents and to increase regional interest. Their duties and cooperation with the Society are governed by the internal rules and regulations drawn up by the EB and approved by the GA. In the case of impediment, International Representatives are substituted by other members, following decision of the EB.

Audit Committee
The Audit Committee consists of three (3) members, and is presided by the Audit Committee Chairman, who is elected by the EB after it convenes in a body. After the Executive Board has been constituted and the Chairman of the Audit Committee has been appointed, the latter shall appoint two (2) members for the constitution of the Committee among the Society’s active members, following a majority vote of the EB.

The Audit Committee Chairman has the following duties:

• Controls cash flow management by the EB regularly every year, extraordinarily when deemed necessary, by recording the results of the audit in the Audit Book.
• Submits to the ordinary GA a summary report on the cash management of the Society
• Is entitled at any time to audit the books, records, passbooks and cash of the EB.
• In case of an irregularity in cash management, it invites the GA to convene through the EB President, and, should the latter refuse, may convene the GA itself.
• Is obliged to receive the EB administration books and records and prepare the audit report within the first ten (10) days of the month of the convening ordinary GA.
• Keeps a Book of Proceedings and Reports, where it records the minutes of the audits carried out.

The role of the two (2) members of the Audit Committee is auxiliary to the Audit Committee Chairman’s mandate, the latter being the sole legally bound and accountable for the performance of the Committee duties.
In the case of impediment, the Audit Committee Chairman is substituted by another member, following decision of the EB. The Audit Committee Chairman mandate can never be awarded to the EB President, nor to the Treasurer.

Education Committee
The Education Committee is responsible for collecting information, conducting personal or collaborative studies or research, and organizing special meetings or seminars in accordance with the Society purposes. It consists of the Education Committee Chairman, who is elected by the EB after it convenes in a body, as well as three (3) active members the Education Committee Chairman will suggest, following a majority vote of the EB. The Education Committee’s duties and cooperation with the Society are governed by the internal rules and regulations drawn up by the EB and approved by the GA. In the case of impediment, the Education Committee Chairman is substituted by another member, following decision of the EB.

Scientific Committee
The Scientific Committee consists of the Scientific Committee Chairman, who is elected by the EB after it convenes in a body, the President of the next Biennial Congress of the Society and two (2) active members the Scientific Committee Chairman will suggest, following a majority vote of the EB. The Scientific Committee is responsible for drawing up the scientific program of the Biennial Congress of the Society. The Scientific Committee’s duties and cooperation with the Society are governed by the internal rules and regulations drawn up by the EB and approved by the GA. In the case of impediment, the Scientific Committee Chairman is substituted by another member, following decision of the EB.

Liaison Committee
The Liaison Committee is responsible for collecting information and conducting research regarding areas of common interest with other scientific associations, organizations and bodies, liaising the latter with the Society and submitting proposals for cooperation with them to the EB. It consists of the Liaison Committee Chairman, who is elected by the EB after it convenes in a body, and two (2) active members the Liaison Committee Chairman will suggest, following a majority vote of the EB. The Liaison Committee’s duties and cooperation with the Society are governed by the internal rules and regulations drawn up by the EB and approved by the GA. In the case of impediment, the Liaison Committee Chairman is substituted by another member, following decision of the EB.

Guidelines Committee
The Guidelines Committee is responsible for preparing guidelines for the common neuroendoscopic procedures that are currently performed worldwide, and advise on service organizational issues. It consists of the Guidelines Committee Chairman, who is elected by the EB after it convenes in a body, and three (3) active members the Guidelines Committee Chairman will suggest, following a majority vote of the EB. The Guidelines Committee’s duties and cooperation with the Society are governed by the internal rules and regulations drawn up by the EB and approved by the GA. In the case of impediment, the Guidelines Committee Chairman is substituted by another member, following decision of the EB.

Historian
The Historian shall be elected by the EB among members with great experience in Neuroendoscopy. His/her role is to act as a curator of the history of the Society and Neuroendoscopy in general. In the case of impediment, the Historian is substituted by another member, following decision of the EB.

It is the EB’s responsibility to organize the Society’s Biennial Congress, named "World Congress of Neuroendoscopy" (WCN). The Biennial Congress is held whenever possible and practical in relation with other relevant scientific meetings, with the ultimate objective of improving participation and exchange of knowledge, and will be held successively in different continents.
The organization of the Biennial Congress is entrusted to its local President. The EB shall issue a call for proposals to active members of the Society at least four (4) years before the Biennial Congress in question. Interested parties shall submit in writing to the EB Secretary a proposal file, specifying the organizational parameters for the host country they propose and annexing the proposed budget. The EB Secretary presents the proposals to the EB, which selects the most suitable candidature by secret vote, and presents its proposal for approval to the ordinary General Assembly.
Society members regardless of membership category are personally notified of the date and time of the Congress at least eighteen (18) months in advance, by any means of communication deemed appropriate by the EB. It is up to each member to notify the Secretariat of any changes in their contact details for communication with the Society.
The Society has the exclusive copyright of the “World Congress of Neuroendoscopy”, which will be exercised by the Executive Board.
The EB President is responsible for the organization, financing and operation of the Biennial Congress of the Society, except for the Scientific Program, which is the responsibility of the Scientific Committee in accordance with Article 13 of these Statute. Duties of the President of the Biennial Congress and his/her cooperation with the Society are governed by the internal rules and regulations drawn up by the EB and approved by the GA.
The official language of the Biennial Congress is English.
Upon proposal of the Executive Board and approval of the GA, the Society may hold interim conferences and scientific meetings between consecutive Biennial Congresses, in accordance with the internal rules and regulations drawn up by the EB and approved by the GA.

An amendment to the Society’s Articles of Association may occur only by the General Assembly of its members. A Statute Amendment requires a quorum of at least 1/2 of its members who have paid their membership dues and a majority vote of 3/4 of the present.
The duration of the Society is indefinite.
The Society is dissolved by decision of the General Assembly and as the law defines. For the dissolution of the Society, a General Assembly having convened for this purpose may decide and a quorum of 2/3 of its members is required. The decision for the Society’s dissolution shall be taken by a majority vote of 4/5 of its members who have paid their annual dues and sufficient justification needs to be provided, according to the laws applicable, namely L. 795/71 G. 1A on Associations.
In case of dissolution of the Association, its property will be transferred to foundations, following a decision of the General Assembly.