CELEX: 11957E/PRO/BEI/26
Language: en
Date: 1957-03-25 00:00:00
Title: TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PROTOCOL ON THE STATUTE OF THE EUROPEAN INVESTMENT BANK, ARTICLE 26

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11957E/PRO/BEI/26

TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PROTOCOL ON THE STATUTE OF THE EUROPEAN INVESTMENT BANK, ARTICLE 26  

++++Article 26  If a Member State fails to meet the obligations of membership arising from this Statute , in particular the obligation to pay its share of the subscribed capital , to grant its special loans or to service its borrowings , the granting of loans or guarantees to that Member State or its nationals may be suspended by a decision of the Board of Governors , acting by a qualified majority .  Such decision shall not release either the State or its nationals from their obligations towards the Bank .