CELEX: 11957E/PRO/BEI/28
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 28

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11957E/PRO/BEI/28

TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PROTOCOL ON THE STATUTE OF THE EUROPEAN INVESTMENT BANK, ARTICLE 28  

++++Article 28  1 . In each of the Member States , the Bank shall enjoy the most extensive legal capacity accorded to legal persons under their laws ; it may , in particular , acquire or dispose of movable or immovable property and may be a party to legal proceedings .   ( Second subparagraph repealed by the second paragraph of Article 28 of the Merger Treaty )   ( See the first paragraph of Article 28 of the Merger Treaty , which reads as follows :  The European Communities shall enjoy in the territories of the Member States such privileges and immunities as are necessary for the performance of their tasks , under the conditions laid down in the Protocol annexed to this Treaty . The same shall apply to the European Investment Bank . )  2 . The property of the Bank shall be exempt from all forms of requisition or expropriation .