STATUTE

(Approved by the general meeting of 16/12/2000)

 7th Edition

Art. 8 – Equity 

The society equity consists of:

 

1. the Hut designated “del Pontaccio” and its appurtenances;

2. any reserve funds arising from a surplus in the balance;

3. any donations, disbursements and bequests.

Income consists of:

 

1. the annual fees of the members;

2. members admission fees;

3. any other income that contributes to increasing the association’s assets. 

The financial year closes at the end of February each year.

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