Булевар краља Александра бр. 67, зграда Правног факултета у Београду

STATUTE ASSOCIATION FOR
BANKRUPTCY LAW

Belgrade, 2022. year

Based on Articles 11 and 12 of the Law on Associations (“Official Gazette of the Republic of Serbia,” Nos. 51/09, 99/2011 – other laws, and 44/2018), the Assembly of the Association for Bankruptcy Law, held on July 5, 2022,
A D O P T S

I. GENERAL PROVISIONS

Article 1
The Association for Bankruptcy Law is a professional, non-profit organization voluntarily formed by enthusiasts of bankruptcy law, as well as individuals employed in higher education institutions, companies, public enterprises, banks, and other economic entities, chambers of commerce, commercial courts, institutes, and other organizations.

Article 2
The name of the Association is: “ASSOCIATION FOR BANKRUPTCY LAW.”
The name of the Association in English is: “THE SERBIAN BANKRUPTCY LAW ASSOCIATION.”
The abbreviated name of the Association is “SBLA.”

The headquarters of the Association is in Belgrade, Bulevar Kralja Aleksandra No. 67, Faculty of Law Building.

Article 3
The Association has the status of a legal entity and is established for an indefinite period. The Association has a round seal with the inscription: “ASSOCIATION FOR BANKRUPTCY LAW,” with the abbreviation “SBLA” in the center.

The work of the Association and its bodies is public. The public is informed about the activities of the Association through announcements, information, publications, and other media.

II. OBJECTIVES OF THE ASSOCIATION AND MEANS OF ACHIEVEMENT

Article 4
The objectives of the Association are:

  • The improvement and promotion of bankruptcy law and its application in practice.
  • Collaboration with other related associations and organizations.
  • Spreading awareness about the importance of bankruptcy law for the economic development of the state.
  • Establishing and strengthening cooperation among professionals in the field of bankruptcy law, domestically and internationally.

Article 5
To achieve these objectives, the Association particularly:

  • Collects and processes domestic and international literature on bankruptcy law.
  • Publishes journals and other publications in the field of bankruptcy law.
  • Provides organizational, technical, and material support to professionals for conducting theoretical and empirical research in bankruptcy law.
  • Prepares and organizes meetings, scientific gatherings, conferences, seminars, training sessions, workshops, and other events, independently or in cooperation with other associations and organizations.
  • Collaborates with universities, professional associations, courts, and other organizations that can contribute to the development of bankruptcy law.
  • Actively participates in public life in Serbia to promote bankruptcy law.

III. MEMBERSHIP, CONDITIONS FOR ACQUISITION, AND TERMINATION

Article 6
Members of the Association can be regular, associate, or honorary members.

Members have the right to:

  • Elect and be elected to the Association’s bodies.
  • Participate in achieving the Association’s objectives.
  • Receive regular and timely information about the Association’s work.
  • Support the Association’s work through contributions.
  • Receive technical, material, and other assistance for research and participation in scientific events.

Members are obligated to:

  • Actively contribute to the Association’s objectives.
  • Perform tasks assigned by the Association’s Managing Board.
  • Participate in the Association’s activities and uphold its reputation.
  • Respect the decisions of the Association’s bodies.
  • Pay membership fees.

Article 7
Regular members can be individuals with degrees in law, economics, or related fields who professionally engage in bankruptcy law and its application. Founding members become regular members upon the adoption of the founding act.

Associate members include students or professionals interested in bankruptcy law. New members are proposed by regular members and admitted by the Assembly.

Article 8
Honorary members are recognized for their significant contributions to teaching, research, or practice in bankruptcy law. Honorary members do not pay membership fees.

Article 9
Membership ceases through voluntary resignation or exclusion by the Managing Board. The member has the right to appeal any exclusion decision to the Assembly.

IV. BODIES, COMPETENCES, AND INTERNAL ORGANIZATION

Article 10
The bodies of the Association are:

  • The Assembly.
  • The Managing Board.
  • The President.

Article 11
The Assembly consists of all regular members and meets annually. Extraordinary sessions can be convened upon a reasoned proposal by the Managing Board or a third of the Assembly members.

Article 12
The Assembly is responsible for:

  • Adopting and amending the Statute.
  • Approving work plans and programs.
  • Electing and dismissing Managing Board members.
  • Resolving appeals and complaints.
  • Deciding on the termination or structural changes of the Association.

Article 13
The Managing Board is the executive body responsible for implementing the Association’s goals. It consists of five members elected by the Assembly for a four-year term, with eligibility for re-election.

Article 14
The Managing Board’s responsibilities include:

  • Organizing the Association’s activities.
  • Managing the Association’s finances.
  • Proposing changes to the Statute.
  • Reporting on the Association’s work.

Article 15
The Secretary is responsible for administrative tasks, and the Treasurer manages financial matters.

Article 16
The President represents and advocates for the Association, ensuring the implementation of its goals as stated in Article 4.

V. TRANSPARENCY OF OPERATIONS

Article 17
The work of the Association and its bodies is public.

Transparency of the Association’s work is ensured particularly through:

  • Presenting the Association’s activities via its website.
  • Providing access to the Association’s programs and work plans.
  • Members’ participation in conferences, seminars, etc.
  • Organizing conferences and scientific gatherings.
  • Publishing scientific and professional publications.
  • Other appropriate methods.

The Managing Board is responsible for regularly informing members and the public about the activities of the Association, either directly, through printed publications, or by other suitable means.

The financial report and the Managing Board’s report are submitted in writing to the members of the Association during the Assembly meeting.

VI. FIELD OF OPERATIONS

Article 18
The Association conducts its activities on the territory of the Republic of Serbia.

To achieve its objectives, the Association collaborates with universities, courts, professional associations, and organizations that can contribute to the development of bankruptcy law.

VII. RESOURCES OF THE ASSOCIATION

Article 19
The Association obtains funds from membership fees, voluntary contributions, donations, gifts, interest income, and other legally permitted means.

It also generates funds by publishing journals in accordance with Article 21 of this Statute.

The Association may additionally raise funds through participation fees for conferences and scientific gatherings, as well as fees for seminars, training sessions, workshops, bankruptcy law schools, and other educational activities.

Article 20
All funds obtained by the Association can be used solely for achieving its objectives, as outlined in Article 4 of this Statute, covering the costs of regular activities (travel expenses, per diems, accommodation costs, etc.), and for co-financing projects in accordance with applicable legal regulations.

VIII. INCOME-GENERATING ACTIVITIES

Article 21
The Association generates income by engaging in economic activities classified under code 58.14 (Regulation on the Classification of Activities, “Official Gazette of the RS,” No. 54/2010), which pertains to publishing journals and periodicals.

The Association may commence these activities after registering with the Register of Economic Entities.

Any profit generated from these activities may only be used to achieve the Association’s objectives, including covering regular operating expenses and co-financing specific projects in accordance with applicable laws.

IX. TERMINATION OF THE ASSOCIATION

Article 22
The Association ceases to operate by decision of the Assembly when the conditions for achieving its objectives no longer exist or by other means prescribed by law.

Article 23
In the event of termination, the assets of the Association will be transferred to a domestic non-profit legal entity established to achieve similar or identical objectives.

The Assembly’s decision on termination will determine the entity to which the Association’s assets will be transferred in accordance with the law.

X. FINAL PROVISIONS

Article 24
All matters not regulated by this Statute shall be governed by the provisions of the Law on Associations and other applicable legal regulations.

Article 25
This Statute comes into effect on the day of its adoption by the founding Assembly of the Association.

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