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Council Regulation (EC) No 723/2009Show full title
Council Regulation (EC) No 723/2009 of 25 June 2009 on the Community legal framework for a European Research Infrastructure Consortium (ERIC)
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- Revised 26/12/20130.63 MB
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Article 14U.K.Liability and insurance
1.An ERIC shall be liable for its debts.
2.The financial liability of the members for the debts of the ERIC shall be limited to their respective contributions provided to the ERIC. The members may specify in the Statutes that they will assume a fixed liability above their respective contributions or unlimited liability.
3.If the financial liability of the members is not unlimited, the ERIC shall take appropriate insurance to cover the risks specific to the construction and operation of the infrastructure.
4.The Community shall not be liable for any debt of the ERIC.
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