Council Decision of 17 May 2011 on the signing, on behalf… CHAPTER XVIII — SUPPLEMENTARY AND TRANSITIONAL PROVISIONS

Article 64–Article 65 · 2 articles

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Special Reserve Fund

Article 64

1. A Special Reserve Fund shall be maintained for the sole purpose of meeting the eventual liquidation expenses of the Organization. The Council shall decide how the interest earned on this Fund will be used. 2. The Special Reserve Fund established by the Council under the International Cocoa Agreement, 1993, shall be transferred to this Agreement for the purpose set out under paragraph 1. 3. A non-Member of the International Cocoa Agreements, 1993 and 2001, which becomes a Member of this Agreement shall be required to contribute to the Special Reserve Fund. The contribution of such Member shall be assessed by the Council on the basis of the number of votes to be held by the Member.

Other supplementary and transitional provisions

Article 65

1. This Agreement shall be considered as a replacement of the International Cocoa Agreement, 2001. 2. All acts by or on behalf of the Organization or any of its organs under the International Cocoa Agreement, 2001, which are in effect on the date of entry into force of this Agreement and the terms of which do not provide for expiry on that date shall remain in effect unless changed under the provisions of this Agreement.

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