+Artikolu 16 Drittijiet finanzjarji ta' membri fil-każ ta' riżenja jew tkeċċija
---+Article 16 1.
---+Article 16 2.
---+Article 16 3.
---+Article 16 4.

Artikolu 16 Drittijiet finanzjarji ta' membri fil-każ ta' riżenja jew tkeċċija

1. Ħarsa ġenerali

Titlu	Regolamentazzjoni
Article 16 1.	Except where shares are transferred and subject to Article 3, loss of membership shall entitle the member to repayment of his/her part of the subscribed capital, reduced in proportion to any losses charged against the SCE's capital.
Article 16 2.	The amounts deducted under paragraph 1 shall be calculated by reference to the balance sheet for the financial year in which the entitlement to repayment arose.
Article 16 3.	The statutes shall lay down the procedures and conditions for exercising the right to resign and lay down the time within which repayment shall be made, which may not exceed three years. In any event, the SCE shall not be obliged to make the repayment less than six months after approval of the balance sheet issued following the loss of membership.
Article 16 4.	Paragraphs 1, 2 and 3 shall apply also where only a part of a member's shareholding is to be repaid.

Rekwiżiti
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Standards
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Builddate: 21.08.2003 00:00:00 -Doknr: CELEX:32003R1435
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