Slovakia - 2005 Party Law

Part Part IV Economic Management and Financing
Title Article 20 Economic management
Article

20

(1) The party shall be liable for its obligations by all its assets. The members of the party shall not be liable nor guarantee for party's obligations.
(2) The party is not allowed to develop business in its name or to conclude silent partnership agreements.
(3) The party may establish or become shareholder of a trade company, but it must be the founder or sole shareholder; the trade company may be established only for developing the business.
(4) The object of activity of the trade company established by the party or within which the party is sole shareholder may only be:
a) Publishing and printing house activities;
b) Publication and propaganda activities;
c) Manufacture and sale of party's program and activity propaganda materials;
d) Organization of educational and political events;
e) Management of party's assets.
(5) The trade company established according to point 3 may not candidate nor express its interest in participating to public purchaser if the client is a legal entity, according to a special law. 12)
(6) The party has the obligation to have double-entry book-keeping according to the individual regulation.

Categories - Party finance (Private funding)
- Party finance (Report and disclosure)
- Secondary legislation (Secondary legislation)
Source Source: http://www.zbierka.sk/zz/predpisy/default.aspx?PredpisID=18526&FileName=05-z085&Rocnik=2005 (Accessed: January 2011)