ARTICLE 7. RESIGNATION, EXPULSION AND TERMINATION OF MEMBERS

7.1 Any Member desiring to resign from membership of the EUROPEAN CHAMBER OF COMMERCE must deliver written notice of its resignation to the main office address of the EUROPEAN CHAMBER OF COMMERCE. Every resignation notice shall be deemed to take effect on the date stated in the notice, and may not have any retroactive effect, or if none, on the date that such notice is received by the EUROPEAN CHAMBER OF COMMERCE.
7.2 The Executive Committee may, by written notice, invite any Member to resign its membership of the EUROPEAN CHAMBER OF COMMERCE if such Member has breached these Statutes or the EUROPEAN CHAMBER OF COMMERCE Rules, or if, in the opinion of the Executive Committee, such Member has conducted himself/herself in an unbecoming manner or allowing such Member to remain as a Member would bring discredit to the EUROPEAN CHAMBER OF COMMERCE. If the Executive Committee has not received the resignation of a Member invited to resign or has not withdrawn its invitation for the Member to resign within fourteen (14) days after the date of the invitation to resign, the Executive Committee may recommend the expulsion of that Member from the EUROPEAN CHAMBER OF COMMERCE at an Executive Committee Meeting. A resolution to expel a Member passed by a majority of the Executive Committee Members shall be final and binding on the Member.
7.3 Membership will be automatically terminated on the date that a Member dies, resigns, is declared bankrupt or insolvent by a court of competent jurisdiction, is dissolved or ceases to carry on business, ceases to be eligible as a Member, is expelled under Article 7.2 above, is over fifty (50) days in arrears of payment of any fees due to the EUROPEAN CHAMBER OF COMMERCE or is declared by a court of competent jurisdiction to be legally or mentally incompetent.
7.4 Each Member shall on termination of its membership of the EUROPEAN CHAMBER OF COMMERCE for whatever reason forfeit all right to and claim upon the EUROPEAN CHAMBER OF COMMERCE and its property and funds and shall not be entitled to any refund of fees paid to the EUROPEAN CHAMBER OF COMMERCE.

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