Finance

9.1 Each Adhering Body shall pay an Annual Subscription to the Treasurer determined in accordance with the provisions of the Group in which it adheres (Statutes 5.4g, 9.2 and By-Law 18). The Annual Subscription shall be paid during the calendar year to which it applies.

9.2 The Unit Subscription shall be stated in terms of a currency to be decided by the Executive Committee (Statute 7.3 k) and the value of the unit in that currency shall be determined by an Ordinary General Assembly for the three-year period General Assembly beginning January 1 following the Ordinary (Statute 5.4h).

9.3 Any Adhering Body which has paid no subscription for two successive years shall be warned by the Treasurer, and its delegate or delegates shall by that fact be thereupon deprived of the right to vote. An Adhering Body whose subscription is in arrears for four years shall by that fact be immediately suspended from membership in the Federation. Such a suspension shall be reported to the next General Assembly by the Treasurer. This report shall be regarded as a proposal to the General Assembly that the membership of the Adhering Body in question be terminated. The membership may then be terminated by the General Assembly under the provision of Statute 5.5c or of Statute 5.10c.

9.4 Funds may not be solicited or accepted on behalf of the Federation or on behalf of any of its Committees from any International, Governmental or other Agency, or from any person, without the previous approval in writing of the Executive Committee. Nevertheless any committee for international relations in biochemistry and molecular biology may, without prior approval of the Executive Committee, seek funds within its own Scientific Community or group of communities for the support of its own activities or in its capacity as host for a General Assembly, Congress or other meeting sponsored by the Federation of African Societies of Biochemistry and Molecular Biology.

9.5 If, under the provisions of Statute 11.2, a proposal is accepted at a General Assembly for the dissolution of the Federation, the General Assembly shall thereupon appoint a Special Committee to report to the International Council for Science concerning the means of liquidation of the assets of the Federation. The net assets shall be given to one or more, preferably international, organization or institution which shall spend the assets so obtained for purposes as far as possible in accordance with the aims of the Federation as set out in Statute 1.