Status: 9th October 2020
§ 5 Requirements for Membership
§ 6 Acquisition of Membership
§ 7 General Membership Rights
§ 8 Special Rights and Obligations of Membership
§ 9 End of Membership
§ 10 Withdrawal from the SCE and Termination of Shares
§ 11 Transfer of Shares
§ 12 Exclusion of Members
§ 13 Disputes Upon Termination of Membership
§ 14 Organ Structure
1. Administrative Board
§ 15 Responsibilities, Powers and Organisation of the Management Body
§ 16 Administrative Board
§ 17 Organisation of the Administrative Board
§ 18 Formation of the Will of the Management Body
§ 19 Power of Representation of the Administrative Board
§ 20 Organisation of the Directors
3. General Assembly
§ 21 Responsibilities and Powers of the General Assembly
§ 22 Convening the General Assembly
§ 23 Quorum of the General Assembly and Passing of Resolutions
§ 24 Virtual General Assembly and Electronic Decision-making
§ 25 Delegation of Voters
Please note that the German version of the statute (»Satzung«) takes precedent over the English version. The SCE is a pan-European legal entity founded in Germany and as such the German version is legally binding. However, we understand that as a pan-European cooperative that strives to engage citizens from across Europe we need to speak the language of the country where we are rolling out subsidiaries or at least a majority of languages all of you might speak. We will therefore have the English translation of the German version of the statute (»Satzung«) reviewed by our legal council in due time. Note that the terms »Statute« and »Articles of Association« are used interchangeably in the English version.
The extension of business operations to non-members is permitted. Third parties may avail themselves of and participate in all the facilities and services of the SCE.
In addition to the cases prescribed by the law applicable at the registered office, membership ends in particular
The responsibilities and powers of the administrative board as a management body are derived from the law applicable to the SCE, unless the statutes provide otherwise.
Where members of the administrative board may be authorised to represent the SCE under the law applicable at the registered office and where this right is exercised, they shall have the power of individual representation, unless the general meeting decides otherwise.
As soon as the use of a voting delegation (»liquid democracy«) becomes legally permissible, a corresponding amendment to the statutes must be adopted to make this form of voting available to members. The legal principles applicable to this form of voting must be taken into account in its design.