Glossary
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Funding obligation
The articles of association can state that in addition to the membership fees, members have to inject money into the association in case the funds are insufficient to cover the association’s debts. In most articles of association, the obligation to make additional payments is explicitly excluded. Since 1 June 2005, the obligation to make additional contributions is no longer required by law but it may still be provided for in the articles of association, if necessary.
