8. SOURCES FOR FORMING OF THE ASSOCIATION PROPERTY. MANAGEMENT OF THE PROPERTY AND BUSINESS ACTIVITY OF THE ASSOCIATION

8.1. Funds and property of the Association are formed from , allowed receipts, including those in foreign currencies.

  • entrance fees, delegate fees and membership dues;
  • voluntary contributions, donations of Russian and foreign organizations and individuals;
  • proceeds from events held by the Association;
  • profits from business, foreign economic, educational, academic, publishing, advertising and other legal activities of the Association;
  • shares of profit of companionships and companies established by the Association;
  • annual contributions of regional chapters in amount determined by decision of the Administrative Board;
  • proceeds from civil legal transactions;
  • other receipts not forbidden by law.

8.2. The Association may hold in possession land, buildings, constructions, residence facilities, equipment, tools, property employed for cultural and educational purposes, cash funds, stock and other securities, as well as other movable and immovable property needed to support the activities outlined in the Charter. It may also own enterprises, publishing firms and mass media established or bought with its proper funds, in accordance with the aims spelled out in the Charter.

8.3. The Association is the owner of its lawful property. No particular member of the Association has rights of ownership to any share of the Association's property.

8.4. The Association may enter in any transactions concerning its property, in accordance with legislation of the Russian Federation and this Charter.

8.5. The right of the ownership over property getting into the Association or established and acquired with its own funds, on behalf of the Association is exercised by its permanent body - the Administrative Board.

8.6. Regional chapters of the Association functioning on the grounds of this Charter, and its branches and offices hold right of operative management over the property allocated to them by the owner - the Association.

Regional chapters of the Association functioning with their own charters and constituting juridical persons, as well as public associations - members of the Association, own their lawful property.

8.7. The Association may engage in business activity only as far as this promotes achievement of the aims defined in the Charter and correlates with these aims. Business activity is carried out by the Association in accordance with the Civil Code and other laws of the Russian Federation.

8.8. The Association may found companionships and companies and acquire property intended for business activity.

8.9. Specific types of activity identified by the law may be performed by the Association only upon proper licensing.

8.10. The revenues received by the Association in the course of its business activity may not be re-distributed among its members and will be used solely for fulfilling the tasks and objectives defined by the Charter. The Association may spend its funds for charitable purposes.