CELEX: 11957E/PRO/BEI/12
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 12

Avis juridique important

|

11957E/PRO/BEI/12

TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PROTOCOL ON THE STATUTE OF THE EUROPEAN INVESTMENT BANK, ARTICLE 12  

++++Article 12  1 . Each director shall have one vote on the Board of Directors . He may delegate his vote in all cases , according to procedures to be laid down in the rules of procedure of the Bank . (*)  2 . Save as otherwise provided in this Statute , decisions of the Board of Directors shall be taken by a simple majority of the members entitled to vote . A qualified majority shall require twelve votes in favour . (**) The rules of procedure of the Bank shall lay down how many members of the Board of Directors constitute the quorum needed for the adoption of decisions .  (*) Paragraph ( 1 ) as amended by Article 7 of Protocol No 1 annexed to the Act of Accession .  (**) Second sentence as amended by Article 8 of Protocol No 1 annexed to the Act of Accession , modified by Article 38 of the Adaptation Decision .