statut european invest fund approv june amend june gener meet articl establish european invest fund hereinaft call quot fund quot establish legal person financi autonomi articl task activ task fund contribut pursuit commun object fund pursu task activ consist provis guarante compar instrument loan financi oblig form legal permiss acquisit hold manag dispos particip enterpris subject condit laid articl statut addit fund engag activ connect result task set articl activ fund includ borrow oper activ fund base sound bank principl sound commerci principl practic applic prejudic provis articl activ pursu close oper fund founder member fund actual member relev time case articl seat seat fund luxembourg articl member founder member fund european commun hereinaft call quot commun quot repres european commiss hereinaft call quot commiss quot european invest bank hereinaft call quot bank quot financi institut list annex statut annex hereinaft call quot financi institut quot term condit defin board director act decis gener meet legal entiti financi sector busi object support task fund member fund articl capit authoris capit fund initi eur million divid share nomin eur million open subscript member fund accord articl statut authoris capit increas decis gener meet act major vote cast event increas capit subject condit laid gener meet member option subscrib fraction increas ratio exist share subscrib member capit fund increas member fund liabl oblig fund amount share capit subscrib paid articl subscript share founder member fund subscrib number share set annex ii statut par subsequ subscript share place term laid gener meet price share par articl share share initi subscrib capit paid equal annual instal event capit increas arrang payment decid gener meet gener meet act propos board director requir payment subscrib paid capit extent requir fund meet liabil creditor payment effect dai decis gener meet payment made euro prior written agreement board director share pledg encumb prejudic paragraph articl statut member reason membership incur liabil oblig fund resourc requir fund pursuit activ articl invest financi market manag invest fund engag currenc arbitrag directli requir carri oper fulfil commit enter member fund dispos share transfer member parti pursuant articl statut member dispos share offer bank consent member fund parti satisfi criteria articl statut articl right attach share term laid articl statut share confer right respect ownership asset fund share net profit proce liquid pro rata number exist share articl manag administr fund fund manag administ author gener meet board director chief execut articl gener meet gener meet member fund held year conven chairman board director gener meet held seat fund locat notic conven meet gener meet conven request member fund decis board director gener meet conven member share repres subscrib capit request subject request decis gener meet written procedur subject condit accord rule laid rule procedur articl particip represent quorum major member fund entitl attend gener meet commun repres member commiss duli authoris individu bank repres presid vice presid duli authoris individu financi institut repres individu financi institut member fund number vote equal number share subscrib member vote mail repres member quorum requir hold gener meet constitut member present repres hold cent subscrib capit save provid statut decis gener meet adopt major vote cast articl power gener meet member fund exercis right gener meet gener meet decis authoris fund conduct oper provid indent articl statut ii approv rule procedur fund iii decid admiss member iv approv annual report submit board director approv annual balanc sheet profit loss account vi determin appropri distribut net incom fund vii appoint member audit board fund viii exercis power laid articl statut adopt amend statut ix decid increas authoris capit fund call paid subscrib capit subject condit laid articl statut decid increas ceil commit fund xi decis suspend expel member xii decis perman termin oper fund distribut asset xiii appoint member board director altern member individu design pursuant articl statut xiv compulsorili retir member board director member longer fulfil duti guilti misconduct xv exercis power confer provis statut oper procedur gener meet laid rule procedur articl chairmanship gener meet gener meet chair repres member highest number share fund articl minut extract proceed gener meet minut minut drawn secretariat fund copi extract thereof certifi issu member articl board director board director consist member appoint gener meet design member fund accord procedur laid rule procedur gener meet vari number member board director carri duti member board director act independ serv interest fund account gener meet member board director assist altern absenc act attend meet board director vest power member replac member board director altern design accord arrang laid rule procedur rule procedur provid design member empow act board member advanc decis appoint annual gener meet rule applic board member appli design member member board director appoint term year renew annual report submit gener meet board director approv board director resign oper procedur board director laid rule procedur articl power board director addit power confer provis statut board director decid oper fund deleg power decid part deem ii adopt guidelin direct oper manag fund iii draw propos submiss gener meet iv draw propos submiss gener meet set return criteria fund oper vi determin object limit borrow oper refer articl statut vii basi propos made member fund accord procedur laid rule procedur appoint chief execut deputi power dismiss chief execut deputi viii supervis chief execut deputi ensur fund manag accord provis statut guidelin direct laid board director ix submit annual account annual report activ fund gener meet conven gener meet fund xi prejudic power gener meet decis matter fall compet chief execut articl chairmanship board director board director chair member design accord provis laid rule procedur chairman unabl attend board director chair member board director design accord provis rule procedur articl board director meet quorum board director meet requir interest fund calendar quarter meet conven chairman agenda drawn accord rule procedur chairman conven meet board director board member submit reason request effect board meet held seat fund locat select chairman decis board director written procedur subject condit accord rule laid rule procedur proceed board director valid half board member present decis board director adopt major vote articl minut proceed board director minut minut drawn secretariat fund copi extract thereof certifi issu member articl chief execut fund manag chief execut act independ serv interest fund account board director carri duti chief execut appoint term year elig reappoint chief execut assist deputi absenc replac chief execut vest power procedur make propos appoint chief execut deputi laid rule procedur articl power chief execut chief execut respons dai dai manag fund accord provis statut guidelin direct adopt board director chief execut act line guidelin direct adopt board director accord articl statut submit annual report fund board director establish respons annual account fund month end financi year submit board director provid board director addit report document laid rule procedur board director request chief execut repres fund relat parti judici proceed document fund commit enter behalf sign chief execut repres duli authoris chief execut employe fund author chief execut engag discharg articl audit account fund audit annual audit board consist auditor appoint gener meet gener meet decid increas number auditor maximum nomin made accord term laid rule procedur member audit board act accord customari standard profess audit board confirm balanc sheet profit loss account fund give true fair view financi posit fund respect asset liabil result oper financi year review articl oper framework statut fund conduct activ territori member state commun countri appli member commun respect access process commenc countri adjac commun cross border project involv articl remuner fund level remuner incom sought fund connect activ pursuant statut determin reflect risk incur cover oper expens establish reserv commensur risk gener return resourc articl limit oper fund respect provis guarante limit commit fund laid board director accord articl statut limit commit fund acquir particip enterpris laid relev decis refer articl statut articl ceil commit fund commit fund exclud commit made fund behalf parti exce guarante oper time amount subscrib capit ceil rais decis gener meet maximum time subscrib capit reserv fund equal exce amount subscrib capit ceil rais decis gener meet maximum time subscrib capit particip amount decid gener meet pursuant articl statut articl appropri distribut net incom gener meet determin annual part net incom fund appropri reserv purpos distribut member fund prior distribut member fund amount equal net incom appropri year reserv appropri reserv ceas reserv reach subscrib capit reintroduc reserv fall subscrib capit distribut member fund made proport number share held member articl cooper parti fund accept task administ special resourc entrust parti provid compat task enter separ account adequ remuner fund term statut cooper intern organis exercis activ area similar fund conclud agreement organis nation organis bank partner member state commun countri view pursu object achiev task articl suspens expuls member member fund fail fulfil oblig hereund suspend decis gener meet suspens member remain bound oblig member fund exercis right provid statut period month decis gener meet suspend member fulfil oblig rise decis gener meet declar member expel articl settlement account member expel fund termin membership entail partial settlement account member question share expel member dispos accord provis articl statut share acquir bank member fund gener meet authoris sale thereof entiti satisfi criteria articl statut event share repurchas member entiti satisfi criteria articl paragraph repurchas fund subject paragraph fund repurchas share expel member lower nomin book calcul date membership fund termin notwithstand expuls fund expel member remain bound direct oblig conting liabil fund long part guarante equiti particip contract prior termin membership outstand bound oblig aris guarante equiti particip enter fund share incom expens fund payment share repurchas fund expel member made term condit payment made prior expiri period month date termin membership payment limit amount repurchas price exce sum liabil fund part member aris oper fund loss sustain fund guarante equiti particip fund outstand date termin membership amount loss exce amount provis loss date termin membership member repai demand fund amount repurchas price share reduc loss account repurchas price determin addit member remain bound respond call paid subscript extent requir respond impair capit fund occur call made time repurchas price share determin articl termin oper board director circumst requir temporarili suspend oper fund refer decis gener meet consider gener meet act qualifi major vote cast decid termin perman oper fund ceas activ relat liquid fund perman cessat oper fund entail liquid gener meet appoint liquid undertak oper requir liquid articl liabil member fund event perman cessat oper fund outstand claim fund settl mean resourc order asset fund sum ow fund respect capit subscrib paid board director measur ensur apportion holder direct claim holder conting claim pro rata respect legal right articl distribut asset event cessat activ fund asset distribut member account subscript capit fund liabil creditor fund fulli discharg gener meet decid make distribut asset asset distribut member fund proport member contribut capit fund board director lai procedur distribut articl amend statut amend decis gener meet propos board director articl statut requir major vote cast gener meet decid approv amend effect month date amend notifi member fund articl law jurisdict disput fund hand beneficiari oper financi institut capac beneficiari beneficiari decid compet nation court end fund address servic member state commun contract address servic provid arbitr provid limit laid treati establish european commun articl statut bank disput measur adopt organ fund subject jurisdict court justic european commun articl privileg immun protocol privileg immun european commun appli fund member organ staff term condit laid treati establish european commun articl statut bank articl entri forc present statut enter forc date determin gener meet