S.L. 386.8 ст. 3Formation of an EEIG.

(1) An EEIG may be formed by groups or associations consisting of not less than two and not more than twenty persons for the purpose of facilitating or developing the economic activities of its members, or to improve or increase the profits or benefits of such activities.

(2) The activities of the EEIG shall be related solely to the economic activities of its members and to ancillary activities thereto.

(3) A grouping shall not -

(a) exercise, whether directly or indirectly, a power of management or supervision over its members’ own activities or over the activities of another undertaking;

(b) directly or indirectly, in any manner whatsoever, hold shares in a member undertaking: Provided that the holding of shares shall be possible when necessary for the achievement of the objects of the grouping and if done on its members’ behalf;

(c) employ more than five hundred persons;

(d) be a member of another EEIG.

(4) An EEIG has a legal personality distinct from that of its members and shall on its registration be the subject of rights and obligations, be capable of making contracts or other legal acts and of suing and being sued.