Article 123.19: Management of the fund

1. Unless otherwise provided for by law or other legal act, the supreme collegiate body of the fund shall have the exclusive competence to: Education and use of its property; formation and early termination of other fund bodies; approval of annual reports and annual (financial) accounts Decision-making on the establishment and (or) participation of the fund in economic societies, except where the fund ' s statute assigns competence for decision-making on these matters and other collegiate bodies of the fund; decision-making on the establishment of branches and (or) the opening of representative offices of the fund; modification of the statute of the fund if this is provided for in the statute; approval of: In cases provided for by law, or by the statute of the fund, the highest collegiate body of the fund may be entrusted with the exclusive competence of taking decisions on other matters. 2. The supreme collegiate body of the fund shall elect the sole executive body of the fund (the President, the Director-General, etc.) and may designate the collegiate executive body of the fund (see para. It is the sole executive and (or other) executive body of the fund, if it is not the responsibility of the fund’s founder, by law or other legal act. 3. Persons authorized to act on behalf of the fund shall be subject to a duty of three to three years ' imprisonment (i.e., the collegiate bodies of the fund) shall be responsible for dealing with matters other than those falling within the exclusive competence of the Fund ' s highest collegiate body. 4. The Board of Trustees of the Fund shall, in accordance with article 53.1 of the present Code, compensate the members of its highest collegiate body acting for the benefit of the Fund for the losses they have caused to the fund. Yes is an organ of the fund and supervises the operation of the fund, the decision-making and enforcement by other bodies of the fund, the use of the fund, compliance with the law The Trust Board of the Fund carries out its activities on a voluntary basis.