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Article 9 - Liabilities

Article 9 - Liabilities

 

1 The ECG - or, if its assets are not sufficient, its members jointly - shall be liable with regard to third parties for its acts, including debts of whatever nature, even if those acts do not fall within its tasks.

2 The ECG shall be liable to its members for any breach of the law to which it may be subject.

3 The organs of the ECG shall be liable with regard to the ECG for any breach of law they have committed in the exercise of their functions.

4 If a member of the ECG has only limited liability in accordance with the national law to which it is subject, the other members may also limit their liability in the statutes.

5 A State on whose territory it is intended to set up the headquarters of an ECG may prohibit the registration or publication of notice of an ECG if one or more of its prospective members has limited liability.