Constitution

b) on a decision of the board of directors on the merger, amalgamation or division of a non-profit organization, c) on the day specified in the court's decision on the dissolution of the non-profit organization, otherwise on the day when this decision entered into force, d) by declaring bankruptcy or rejecting the petition to declare bankruptcy for lack of assets.

8.2. The non-profit organization terminates on the day of deletion from the register. Its termination is preceded by cancellation with or without liquidation.

8.3. Liquidation is not required if the assets of the non-profit organization are transferred to another non-profit organization or foundation after the merger or amalgamation.

8.4. The liquidation balance can only be transferred to another non-profit organization or foundation.

8.5. The remuneration of the liquidator shall be determined by the person who appointed the liquidator.

8.6. Liquidation costs will be paid from the assets of the non-profit organization.

8.7. Appropriate provisions of the Commercial Code on the dissolution and dissolution of companies shall apply to the dissolution of a non-profit organization with or without liquidation and to the dissolution of a non-profit organization, unless otherwise provided by this Act.

ARTICLE IX Providing information

9.1. The non-profit organization shall publish information on the management of assets at the registered office of the organization, or according to requirements.

ARTICLE X Annual report

10.1. The non-profit organization shall prepare an annual report within a period specified by the Board of Directors or the Articles of Association after the end of the calendar year, no later than 30 June.

10.2. The annual report contains:

a) an overview of the activities performed in the calendar year with an indication of the relationship to the purpose of establishing a non-profit organization, b) annual financial statements and evaluation of the basic data contained therein, c) the auditor's opinion on the annual accounts, if audited by the auditor, d) statement of cash receipts and expenditures, e) an overview of the scope of income (revenues) broken down by sources, f) the state and movement of assets and liabilities of the non-profit organization,