Chapter 2

Capacity, patrimony and social resources

ARTICLE 3:

LACNIC is capable to acquire goods and contract obligations. Consequently it can operate with public and private banking and financial institutions.

ARTICLE 4:

The patrimony consists of the goods it currently possesses, and those it may acquire henceforth under any title, and of the resources it obtains from:

1. the ordinary and extraordinary quotas paid by the members;
2. the rents its goods produce;
3. the donations, inheritances, bequeaths and subventions;
4. the income it may obtain as a result of activities within the framework of its objectives;
5. any other income it may legally obtain in concordance with the non-profit character of the institution.

ARTICLE 5:

The structure of the LACNIC includes the following elements:

1. The Members: who hold the power in the institution;
2. the Assembly, which is the sovereign organ of the institution;
3. The Board of Directors, which manage and administer the institution;
4. The Fiscal Commission; which controls the functioning of the institution and the actions of the Board;
5. The Electoral Committee; which is in charge of the organization of elections;
6. The Committees; which execute the diverse actions of the institution.

* Article modified at the Member Assembly held on May 29, 2008.