Article 14 U.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.

F1 3.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

4. The Community shall not be liable for any debt of the ERIC.

Textual Amendments

F1 Art. 14(3) omitted (31.12.2020) by virtue of The European Research Infrastructure Consortium (Amendment) (EU Exit) Regulations 2019 (S.I. 2019/77), regs. 1, 2(7); 2020 c. 1, Sch. 5 para. 1(1)