An association is established by two or more persons. On Bonaire, it is not necessary that the incorporation is done through a notary. A consequence of a non-notarial establishment is that the board members of the association are jointly and separately liable for debts of the association. If the association is established by notarial deed, followed by registration at the Chamber of Commerce, the directors are not personally liable for the debts of the association. Moreover, the association cannot then obtain registered goods or be an heir. (please check this one, as I’m not quite sure what it should be)
The statutes are included in the notarial deed of incorporation of the association. In all cases, the articles of association include:
- the full name of the association;
- the registered office;
- the objectives;
- the manner of appointment and dismissal of the board members, and
- the destination of the surplus after liquidation in case of dissolution of the association.
Other provisions, such as the termination of membership, the means of funds, the number of board members, and the manner of decision-making, also can be included in the articles of association.
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