Each member may resign from membership by a formal written declaration tendered to the Secretariat at least six months before the end of the current financial year .The termination of membership does not discharge the member from the fulfilment of the existing obligations towards the association.
On decision of the General Assembly, a membership may be cancelled
- if the member, in spite of at least two requests from the Secretariat has failed to pay the member fee.
- If the member has severely acted against the interest of the Association or the objectives as outlined above under Art.1 .
A decision on the dissolution of this Association can only be made in an extra ordinary General Assembly, with a two-third majority of the ordinary members present or represented by proxy votes. Art. 3, ciph. 3.1, second sentence, does not apply. After this decision, the Secretariat, in close co-operation with the treasurer, will act as liquidators.
As adopted 21st November 2000 in Frankfurt/M.