Premier Basketball League

In accordance with the Company Act of
Republic of Montenegro, on [__date__] 2015
“PREMIER BASKETBALL LEAGUE” LLC
(the “Company”) adopts the following:
“PREMIER BASKETBALL LEAGUE”
LLC STATUTES
“PREMIER BASKETBALL LEAGUE ” is a
limited liability company, incorporated by
the following founders:
1. Basketball Federation of Bosnia and
Herzegovina, registered with
competent registry of Republic of
Bosnia and Herzegovina under
registration no. [__number__], with
registered address Branilaca Sarajeva
11/3, 71000 Sarajevo, Bosnia and
Herzegovina (“NF BIH”),
2. Basketball Federation of Croatia,
registered with competent registry of
Republic of Croatia under registration
no. [__number__], with registered
address Lipovečka 1, 10110 Zagreb,
Croatia (“NF CRO”),
3. Basketball Federation of Macedonia,
Former Yugoslav Republic of
Macedonia under registration no.
[__number__], with registered
address Macedonia Street 11a, 1000
Skopje, Former Yugoslav Republic of
Macedonia (“NF MKD”)
4. Basketball Federation of Montenegro,
Republic of Montenegro under
registration registration no.
[__number__], with registered
address 19 December 5, 81000
Podgorica, Montenegro (“NF
MNE”),
5. Basketball Federation of Slovenia,
U skladu sa Zakonom o privrednim
društvima Republike Crne Gore,
[__datum__] 2015. godine “PREMIJER
KOŠARKAŠKA LIGA” d.o.o. („Društvo“)
usvaja sledeći:
“PREMIJER KOŠARKAŠKA LIGA”
d.o.o. STATUT
“PREMIJER KOŠARKAŠKA LIGA” je
društvo sa ograničenom odgovornnošću,
osnovano od strane sledećih osnivača:
1. Košarkaškog saveza Bosne i
Hercegovine, registrovanog kod
nadležnog registra Republike Bosne i
Hercegovine pod registracionim
brojem [__broj__], sa registrovanim
sedištem na adresi Branilaca Sarajeva
11/3, 71000 Sarajevo, Bosna i
Hercegovina (“KSBIH”),
2. Hrvatskog košarkaškog saveza,
registrovanog kod nadležnog registra
Republike Hrvatske pod
registracionim brojem [__broj__], sa
registrovanim sedištem na adresi
Lipovečka 1, 10110 Zagreb, Hrvatska
(“KSH”),
3. Košarkaškog saveza Makedonije,
Bivše Jugoslovenske Republike
Makedonije pod registracionim
sedištem na adresi ul. Makedonija
11a, 1000 Skopje, Bivša
Jugoslovenska Republika Makedonije
(“KSMKD”),
4. Košarkaškog saveza Crne Gore,
Republike Crne Gore pod
registrovanim sedištem na adresi 19.
decembra 5, 81000 Podgorica, Crna
Gora (“KSCG”),
5. Košarkaškog saveza Slovenije,

Republic of Slovenia under
registered address Leskoškova 12,
1000 Ljulbjana, Slovenia (“NF
SLO”),
6. Basketball Federation of Serbia,
Republic of Serbia under registration
no. [__number__], with registered
address Sazonova 83, 11000
Belgrade, Serbia (“NF SRB”) and
7. International Basketball Federation,
Swiss Confederation under with
registered address Route Suisse 5,
1295 Mies - Switzerland (“FIBA”)
(hereinafter: the “Shareholders”).
Republike Slovenije pod
Leskoškova 12, 1000 Ljulbjana,
Slovenija (“KSSLO”),
6. Košarkaškog saveza Srbije,
Republike Srbije pod registracionim
sedištem na adresi Sazonova 83,
11000 Beograd, Srbija (“KSS”) i
7. Međunarodne košarkaške federacije,
registrovane kod nadležnog registra
Švajcarske Konfederacije pod
Route Suisse 5, 1295 Mies -
Švajcarska (“FIBA”)
(u daljem tekstu: “Članovi”)
PART ONE General provisions PRVI DEO Opšte odredbe
Article 1
Registered name and seat
Član 1
Poslovno ime i sedište
1.1. Registered name of the Company is
“PREMIER BASKETBALL LEAGUE”.
1.2 Abbreviated Registered Name of the
Company is “PBL”.
1.3 The registered seat of the Company is at
the address [__postal address__] Podgorica,
Montenegro. The Company also has the
following address for the receipt of emails:
[__email address__].
1.4 The Company has a stamp with round
shape and the following text “[__Premier
Basketball League and its seat__]”.
1.5 The Company is obliged to keep a
record of the address that each Shareholder
designates as its address for the receipt of
the mail from the Company.
1.6 The Shareholders are obliged to inform
1.1. Poslovno ime Društva je
“PREMIJER KOŠARKAŠKA LIGA”.
1.2 Skraćeno poslovno ime Društva je
“PKL”.
1.3 Sedište Društva je na adresi
[__poštanska adresa__] Podgorica, Crna
Gora. Društvo takođe ima sledeću adresu za
prijem elektronske pošte: [__mejl adresa__].
1.4 Društvo poseduje pečat okruglog obilka i
sa sledećim tekstom “[__Premijer
košarkaška liga i njeno sedište__]”.
1.5 Društvo je dužno da void evidenciju o
adresi koju svaki od Članova označi kao
adresu za prijem pošiljki od Društva.
1.6 Članovi su dužni da obaveste Društvo o

the Company about the change of their
address for the receipt of the mails no later
than 8 days from the date of the change,
otherwise notifications to the previous
address will be deemed valid.
promeni adrese za prijem pošljki najkasnije
u roku od 8 dana od dana promene, a u
suprotnom će se obaveštenja upućena na
prethodnu adresu smatrati validnim.
Article 2
Activities of the Company
Član 2
Delatnost Društva
2.1 The main business activity of the
Company is other sport activities.
Specifically, the Company will organize and
commercially exploit an international
competition among basketball clubs.
2.2 The Company may perform all other
activities, subject to the conditions required
by the Law of Republic of Montenegro.
2.3 In order to achieve its statutory
objectives, the Company will perform its
activities at the territories of: Republic of
Serbia, Republic of Montenegro, Former
Yugoslav Republic of Macedonia, Republic
of Croatia, Republic of Bosnia and
Herzegovina and Republic of Slovenia.
2.1 Pretežna delatnost Društva je ostale ostale
sportske aktivnosti. Tačnije, Društvo će
organizovati i privredno eksploatisati
međunarodno takmičenje između košarkaških
klubova.
2.2 Društvo može obavljati sve ostale
delatnosti, u skladu sa uslovima propsianim
pravom Republike Crne Gore.
2.3 Radi ostvarenja svojih stautornih ciljeva,
Društvo će vršiti svoje aktivnosti na teritoriji:
Republike Srbije, Republike Crne Gore,
Bivše Jugoslovenske Republike Makedonije,
republike Hrvatske, Republike Bosne i
Hercegovine i Republike Slovenije.
Article 3
Legal status
Član 3
Pravni status
3.1 The Company is a legal person with
rights and responsibilites determined by the
Law of Republic of Montenegro and by
these Statutes.
3.2 The Company enters into legal
transactions with third persons without any
limitation, unless otherwise stipulated in
these Statutes.
3.1 Društvo je pravno lice sa pravima i
obavezama propisanim pravom Republike
Crne Gore i ovim Statutom.
3.2 Društvo stupa u u pravni promet sa
trećim licima bez ograničenja, osim ukoliko
je drugačije predviđeno ovim Statutom.
Article 4
Liability of the Company and the
Shareholders
Član 4
Odgovornost Društva i Članova
4.1 The Company is liable with its entire
property for all its obligations.
4.2 The Shareholders bear the risk of
activities of the Company to the amount of
their contributions to the share capital.
4.3 The Shareholders are obliged to
contribute their shares to the Company in
accordance with the Contract of
4.1 Društvo odgovara celokupnom svojom
imovinom za sve svoje obaveze.
4.2 Članovi snose rizik poslovanja Društa do
do visine svog osnivačkog uloga.
4.3 Članovi su dužni da unesu svoj ulog u
Društvo u skladu sa Ugovorom o osnivanju
društva sa ograničenom odgovornošću

incorporation of Limited Liability Company
“PREMIER BASKETBALL LEAGUE”
concluded on [__date__] 2015.
“PREMIJER KOŠARKAŠKA LIGA”
zaključenog [__date__] 2015. godine.
PART TWO Share capital and
Shareholders’ shares
DRUGI DEO Osnovni kapital i udeli
Članova
Article 5
Share capital
Član 5
Osnovni kapital
5.1 The total share capital of the Company
amounts to EUR 8,000.
5.2 The Shareholders contribute to the share
capital of the Company in the following
amounts:
1) NF BIH - EUR 1,200;
2) NF CRO - EUR 1,200;
3) NF MKD - EUR 1,200;
4) NF MNE - EUR 1,200;
5) NF SLO - EUR 1,200;
6) NF SRB - EUR 1,200;
7) FIBA - EUR 800.
5.3 The Shareholders or their proxies shall
pay the contributions set out in Clause 5.2
herein to a provisional bank account no later
than the date of submission of request for
registration of the Company.
5.4 Share capital of the Company may be
increased by:
1) new contributions of the
Shareholders;
2) conversions of the
Company’s reserves or profit,
as well as conversions of
additional payments into the
share capital;
3) status changes that result in
increasing of the share capital.
5.5 The Assembly of Shareholders may
issue a decision on making additional
payments to the Company.
5.1 Ukupan osnovni capital Društva iznosi
EUR 8.000,00.
5.2 Članovi će uplatiti novčani ulog u
Društvo u sledećim iznosima:
1) KSBIH - EUR 1,200;
2) KSH - EUR 1,200;
3) KSMKD - EUR 1,200;
4) KSCG - EUR 1,200;
5) KSSLO - EUR 1,200;
6) KSS - EUR 1,200;
7) FIBA - EUR 800.
5.3 Članovi ili njihovi zastupnici će uplatiti
uloge iz stava 2 ovog člana na privremeni
račun u banci najkasnije do dana podnošenja
zahteva za registraciju Društva.
5.4 Osnovni kapital Društva može biti
povećan:
1) novim ulozima Članova;
2) pretvaranjem rezervi ili dobiti
Društva, kao i pretvaranjem
dodatnih uplata u osnovni
kapital Društva;
3) statusnim promenama koje
imaju za posledicu povećanje osnovnog
kapitala.
5.5 Skupština Članova može da donese
odluku o vršenju dodatnih uplata u Društvo.
Article 6
The shares
Član 6
Udeli
6.1 The Shareholders agree their respective
shares over the Company shall be as
follows:
6.1 Članovi su saglasni da njihovi udeli u
Društvu budu sledeći:

1) NF BIH - 15%;
2) NF CRO - 15%;
3) NF MKD - 15%;
4) NF MNE - 15%;
5) NF SLO - 15%;
6) NF SRB - 15%;
7) FIBA - 10%.
6.2 The status of a Shareholder is acquired
on the date of the registration of ownership
over the share.
6.3 Each Shareholder may hold only one
share. If the Shareholder acquires more than
one share, such shares shall be merged and
together shall constitute a single share.
6.4 In the absence of statutory rules in
relation to the shares over the Company,
provisions of the Company Act of Republic
of Montenegro shall be applied.
1) KSBIH - 15%;
2) KSH - 15%;
3) KSMKD 15%;
4) KSCG 15%;
5) KSSLO 15%;
6) KSS 15%;
7) FIBA - 10%.
6.2 Svojstvo Člana stiče se danom registracije
vlasništva nad udelom u Društvu.
6.3 Svaki Član može posedovati samo jedan udeo
u Društvu. Ako član društva stekne više udela, ti
udeli se spajaju i zajedno čine jedan udeo.
6.4 Na sve što ovim Statutom nije predviđeno u
vezi sa udelima u Društvu, primeniće se odredbe
Zakona o privrednim društvima Republike Crne
Gore.
Article 7
Shareholders’ rights
Član 7
Prava Članova
7.1 Each Shareholder has a right to a share in
the Company’s profit in proportion to its
share.
7.2 Each Shareholder has a right to a share in
residual assets in proportion to its share.
7.3 Each Shareholder has a right and
responsibility of managing the Company.
7.4 Each Shareholder has a right to 1 vote in
the Assembly and 1 vote in the Board,
irrespective of its percentage of the Company
shares. Clauses 10.5 and 11.5 apply to
FIBA’s vote in the Assembly and the Board
respectively.
7.1 Svaki član ima pravo na učešće u dobiti
Društva, srazmerno svom udelu.
7.2 Svaki član društva ima pravo na učešće u
likvidacionom ostatku, srazmerno svom
udelu.
7.3 Svaki član ima pravo i obavezu da
upravlja Društvom.
7.4 Svaki član ima pravo 1 glasa u Skupštini
i 1 glasa u Odboru, nezavisno od procenta
njegovog udela u Društvu. Na glas FIBA-e u
Skupštini i Odboru primenjuju se odredbe
10.5 i 11.5.
Article 8
Transfer of the shares
Član 8
Prenos udela
8.1 The shares over the Company may be
transferred to a third person only under the
conditions provided for in these Statutes.
8.2 The Shareholders shall have a pre-
emption right to share which is subject to
transfer to a third party.
8.1 Prenos udela u Društvu može biti preneto
na treće lice samo pod uslovima predviđenim
ovim Statutom.
8.2 Članovi imaju pravo preče kupovine
udela koji je predmet prenosa trećem licu.

8.3 A transferor of share is obliged to offer
its share to all other Shareholders before any
transfer of its share to a third party.
8.4 An offer referred to in Clause 8.3 shall be
made in writing and shall contain all
essential elements of a share transfer
agreement, an address to which the
Shareholder exercising its pre-emption right
will send its acceptance of the offer and the
time limit for entering into and certifying a
share transfer agreement.
8.5 If an offer does not contain all the
elements referred to in Clause 8.4, it shall be
deemed that no offer was made.
8.6 The Shareholder exercising its pre-
emption right shall notify the transferor of
share in writing of its acceptance of an offer
referred to in Clause 8.3 in full, within 15
days of the date of receipt of such offer.
8.7 If two or more Shareholders accept an
offer and if the transferor of share and such
Shareholders fail to reach an agreement on
the manner of distribution of transferred
share, distribution shall be done in such a
way that each accepting member purchases a
portion of share commensurate to the
percentage of its share in the sum of shares
of all Shareholders who accepted such offer.
8.8 If no Shareholder with a pre-emption
right uses that right in accordance with this
article, a transferor of share may conclude a
share transfer agreement with a third party
under conditions which may not be more
advantageous than those stated in offer made
to the Shareholders, within 30 days of
expiration of the time limit for acceptance of
such offer.
8.3 Prenosilac udela u obavezi je da pre
prenosa udela trećem licu svoj udeo ponudi
svim drugim članovima društva.
8.4 Ponuda iz stava 3 ovog člana daje se u
pisanoj formi i sadrži sve bitne elemente
ugovora o prenosu udela, adresu na koju Član
društva koji vrši pravo preče kupovine
upućuje prihvat ponude, rok za zaključenje i
overu ugovora o prenosu udela.
8.5 Ukoliko ponuda ne sadrži sve elemente iz
stava 4 ovog člana, smatraće se da ponuda
nije ni učinjena.
8.6 Član društva koji koristi pravo preče
kupovine će u pisanoj formi obavesti
prenosioca udela o prihvatanju ponude iz
stava 3. ovog člana u celosti, u roku od 15
dana od dana prijema ponude.
8.7 Ako dva ili više Članova društva prihvate
ponudu i ako se između prenosioca udela i tih
članova ne postigne sporazum o načinu
raspodele udela koji se prenosi, raspodela se
vrši tako što svaki Član koji je prihvatio
ponudu kupuje deo udela koji je srazmeran
učešću njegovog udela u zbiru udela svih
drugih članova društva koji su prihvatili
ponudu.
8.8 Ako ni jedan član društva koji ima pravo
preče kupovine ne iskoristi to pravo u skladu
sa ovim članom, prenosilac udela može
zaključiti ugovor o prenosu udela sa trećim
licem, pod uslovima koji ne mogu biti
povoljniji od uslova iz ponude koja je
dostavljena drugim članovima društva, u
roku od 30 dana od dana isteka roka za
prihvat ponude.
PART THREE Organization of the
Company
TREĆI DEO Organizacija Društva
Article 9
Corporate bodies of the Company
Član 9
Organi Društa
9.1 Corporate bodies of the Company are:
Assembly of the Shareholders (the
“Assembly”), the Board of Directors (the
9.1 Organi Društva su: Skupština Članova
(„Skupština“), Odbor direktora („Odbor”) i
Izvršni direktor („Direktor”).

“Board”) and the Executive Director (the
“Director”).
9.2 The Assembly may issue a decision on
establishing other organizational units within
the Company or the Company branches, if it
deems it necessary.
9.2 Skupština može doneti odluku o
osnivanju drugih organizacionih jedinica
unutar Društva ili ogranaka Društva, ukoliko
smatra da je to neophodno.
Article 10
Composition and powers of the Assembly
Član 10
Sastav i ovlašćenja Skupštine
10.1 The Assembly consists of
representatives of the 7 Shareholders,
specifically:
a) 6 members shall be appointed as
follows:
Each of the Shareholders NF BIH, NF CRO,
NF MKD, NF MNE, NF SLO, NF SRB,
shall appoint its President or Secretary
General as member of the Assembly,
and
b) 1 member shall be appointed by
FIBA.
10.2 The Assembly is the highest body of
the Company and it is authorized to:
1) pass amendments to these Statutes;
2) adopt financial statements, as well as
audit reports if financial statements were
audited;
3) appoint and dismiss the members of
the Board (dismissal is allowed only for
serious reason), supervise their work,
determine their compensation (if any) and
adopt the Board’s reports;
4) decide on share capital increase and
decrease;
5) decide on profit distribution and loss
coverage, including determination of dates
when the Shareholders acquire the right to a
share in profit and the date of payment of
such share in profit to the Shareholders;
6) appoint and dismiss the auditor and
determine the compensation for his/her
engagement;
7) appoint and remove the Director and
determine his/her remuneration or principles
for determination of such remuneration;
10.1 Skupština se sastoji od 7 predstavnika
Članova i to:
a) 6 članova će biti postavljeno na
sledeći način:
Svaki od Članova KSBIH, KSH, KSMKD,
KSCG, KSSLO, KSS, će postaviti svog
predsednika ili generalnog sekretara za člana
Skupštine,
i
b) 1 člana će postaviti FIBA.
10.2 Skupština je najviši organ Društva i
ovlašćena je da:
1) donosi izmene ovog Statuta;
2) usvaja finansijske izveštaje, kao i
izveštaje revizora, ukoliko su finansijski
izveštaji bili predmet revizije;
3) imenuje i razrešava članove Odbora
(razrešenje je dozvoljeno samo zbog
ozbiljnih razloga), nadzire njihov rad,
određuje njihovu naknadu (ukoliko je bude) i
usvaja izveštaje Odbora;
4) odlučuje o povećanju i smanjenju
osnovnog kapitala;
5) odlučuje o raspodeli dobiti i
pokrivanju gubitaka, uključujući i
određivanje dana sticanja prava na učešće u
dobiti Članova, kao i dana isplate na ime
učešća u dobiti Društva;
6) imenuje i razrešava revizora i
utvrđuje naknadu za njegov rad;
7) imenuje i razrešava Direktora i
određuje naknadu za njegov/njen rad, ili
načine za utvrđivanje ove naknade;

8) decide on initiation of liquidation
proceedings, as well as on filing for
bankruptcy proceedings of the Company;
9) appoint the liquidation administrator
and adopts the liquidation balance sheets
and reports of the liquidation administrator;
10) decide on the acquisition of its own
shares;
11) decide on liability of the
Shareholders for additional pay-ins and on
returns of such pay-ins;
12) decide on requests for withdrawal
from the Company made by a Shareholder;
13) decide on expulsion of a Shareholder
for failure to pay in or make a subscribed
contribution to the share capital of the
Company;
14) decide on initiation of proceedings
and issue the power-of-attorney for
representation of the Company in disputes
with the Director and members of the Board;
15) decide on initiation of proceedings
and issue the power-of-attorney in for
representation of the Company in disputes
with any of the Shareholders;
16) approve agreements on accession of
new members and give consent to transfer of
share to a third party, unless otherwise is
stipulated by the Statutes of the Company;
17) decide on status changes and
changes of legal form of the Company;
18) give consent to disposal of
significant value assets of the Company.
10.3 The Assembly shall meet at least once
per calendar year, on a date to be decided by
the previous Assembly or, in the absence of
such a decision, by the Director. A quorum
of 4 Shareholders is required for a meeting
of the Assembly. An extraordinary assembly
may be convened by at least 3 Shareholders
or by FIBA, with an advance written notice
of at least 7 days.
10.4 All the decisions of the Assembly
require simple majority of votes, with the
exception that amendments to the Statutes of
the Company require the support of at least
5 Shareholders. Representation by proxy is
not permitted.
8) odlučuje o pokretanju postupka
likvidacije, kao i pokretanju postupka stečaja
Društva;
9) imenuje i razrešava likvidacionog
upravnika i usvaja likvidacione bilanse i
izveštaje likvidacionog pravnika;
10) odlučuje o sticanju sopstvenih udela;
11) odlučuje o obavezi Članova na
dodatne uplate, kao i vraćanju ovih uplata;
12) odlučuje o zahtevu za istpanje iz
Društva, podnetog od strane Člana;
13) odlučuje o isključenju Člana zbog
neplaćanja ili neunošenja upisanog uloga u
osnovni kapital Društva;
14) odlučuje o pokretanju postupka i
izdaje punomoćje za zastupanje Društva u
sporu protiv Direktora i članova Odbora;
15) odlučuje o pokretanju postupka i
izdaje punomoćje za zastupanje u sporovima
protiv bilo kojeg od Članova;
16) odobri ugovor o pristupanju novog
Člana i daje saglasnost za prenos udela
trećem licu, osim ukoliko nije drugačije
predviđeno statutom Društva;
17) odlučuje o statusnim promenama i
promenama pravne forme Društva;
18) daje saglasnost za raspolaganjem
imovinom velike vrednosti Društva.
10.3 Skupština zaseda najmanje jedanput u
kalendarskoj godini, na dan određen
odlukom na prethodnom zasedanju ili, u
slučaju nepostojanja takve odluke, od strane
Direktora. Kvorum od 4 Člana je neophodan
za održavanje sednice Skupštine. Vanredna
sednica može biti sazvana od strane
najmanje 3 Člana ili od strane FIBA-e, uz
pismeno obaveštenje od najmanje 7 dana
unapred.
10.4 Sve odluke Skupštine donose se
prostom većinom glasova, uz izuzetak da
izmena Statuta zahteva podršku od najmanje
5 Članova. Zastupanje putem punomoćnika
nije dozvoljeno.

10.5 In all cases, FIBA has a right to veto
any decision of the Assembly. Such right is
to be exercised during the meeting of the
Assembly or, at the latest, 8 days starting
from the day after the meeting (if FIBA was
present) or from the day after FIBA received
written notice of the Assembly’s decision (if
FIBA was not present). The Shareholders,
their proxies, the liquidating administrator,
the members of the Board and the Director,
as well as the persons employed with or
contracted by the Company are obliged to
take all necessary measures to avoid the
implementation (or cancel the effects) of a
decision against which FIBA exercised its
right of veto.
10.5 U svim slučajevima, FIBA ima pravo
veta na svaku odluku Skupštine. To pravo
mora biti iskorišćeno tokom sednice
Skupštine, ili, najkasnije u roku od 8 dana,
počev od dana nakon sednice (ukoliko je
FIBA prisustvovala), ili od dana kada je
FIBA primila pismeno obaveštenje o odluci
Skupštine (ukoliko FIBA nije prisustvovala).
Članovi, njihovi punomoćnici, članovi
Odbora i Direktor, kao i osobe zaposlene ili
angažovane od strane Društva, obavezni su
da preduzmu sve mere da se izbegne
primena (ili ponište efekti) odluke protiv
koje je FIBA uložila svoje pravo veta.
Article 11
Composition and powers of the Board
Član 11
Sastav i ovlašćenja Odbora
11.1 The Board consists of 15 members,
specifically:
a) 6 members shall be appointed as
follows:
Each of the Shareholders NF
BIH, NF CRO, NF MKD, NF
MNE, NF SLO, NF SRB, shall
appoint its Secretary General as
member of the Board,
b) 1 member shall be appointed by
FIBA and
c) 8 members shall be Presidents or
Secretaries General of clubs
participating in the competition
organized by the Company, and
shall be appointed by the
Assembly as follows:
i) 1 member shall be
proposed by the
participating club(s) from
NF BIH,
ii) 1 member shall be
proposed by the
NF MKD,
iii) 1 member shall be
proposed by the
11.1 Odbor se sastoji od 15 članova i to:
a) 6 članova će biti postavljeno na
sledeći način:
Svaki od Članova KSBIH, KSH,
KSMKD, KSCG, KSSLO, KSS,
će postaviti svog generalnog
sekretara za člana Odbora,
b) 1 člana će postaviti FIBA i
c) 8 članova će biti predsednici ili
generalni sekretari klubova koji
učestvuju u takmičenju koje
organizuje Društvo i biće
postavljeni od strane Skupštine
na sledeći način:
i) 1 člana predlažu
učestvujući klub(ovi) iz
KSBIH,
ii) 1 člana predlažu
KSMKD,
iii) 1 člana predlažu

NF MNE,
iv) 1 member shall be
proposed by the
NF SLO,
v) 2 members shall be
proposed by the
NF CRO, and
vi) 2 members shall be
proposed by the
NF SRB.
In the event that the
participating club(s) from one
Shareholder fail to propose a
member or fail to agree to a
joint proposal, the Assembly
shall appoint at its discretion
another person coming from
the country of the same
Shareholder.
11.2 The Chairman of the Board
(“Chairman”) shall be appointed by the
Board from among members appointed
under Clause 11.1.
11.3 The Board shall meet at least twice per
calendar year, on dates to be decided by the
previous Board or, in the absence of such a
decision, by the Director. A quorum of 4
Shareholders and 4 Board members is
required for a meeting of the Board. A
Board meeting may be convened by any 4
members or by FIBA, with an advance
written notice of at least 7 days.
11.4 All the decisions of the Board require
simple majority of votes. Representation by
proxy is not permitted.
11.5 In all cases, FIBA has a right to veto
any decision of the Board. Such right is to
be exercised during the meeting of the
Board or, at the latest, 8 days starting from
the day after the meeting (if FIBA was
present) or from the day after FIBA received
KSCG,
iv) 1 člana predlažu
KSSLO,
v) 2 člana predlažu
KSH i
vi) 2 člana predlažu
KSS.
U slučaju da učestvujući
klub(ovi) iz jednog Člana
propuste da predlože člana ili
propuste da se usaglase oko
zajedničkog predloga,
Skupština će po svom
nahođenju postaviti drugu
osobu koja dolazi iz iste zemlje
kao Član.
11.2 Predsednik odbora (“Predsednik”) će
biti postavljen od strane Odbora među
članovima postavljenim na način predviđen
odredbom 11.1.
11.3 Odbor će zasedati najmanje dva puta u
kalendarskoj godini, na dane određene
odlukom na donetom na prethodnom
zasedanju ili, u odsustvu takve odluke, od
strane Direktora. Kvorum od 4 Člana i 4
člana Odbora je neophodan za održavanje
sednica Odbora. Sednica odbora može biti
sazvana od strane bilo koja 4 člana ili od
strane FIBA-e, uz pismeno obaveštenje od
najmanje 7 dana unapred.
11.4 Sve odluke Odbora donose se prostom
većinom glasova. Zastupanje putem
punomoćnika nije dozvoljeno.
11.5 U svim slučajevima, FIBA ima pravo
veta na sve odluke Odbora. To pravo mora
biti iskorišćeno tokom sednice Odbora, ili,
najkasnije u roku od 8 dana, počev od dana
nakon sednice (ukoliko je FIBA
prisustvovala), ili od dana kada je FIBA

written notice of the Board’s decision (if
FIBA was not present). The Shareholders,
their proxies, the liquidating administrator,
the members of the Board and the Director,
as well as the persons employed with or
contracted by the Company are obliged to
take all necessary measures to avoid the
implementation (or cancel the effects) of a
decision against which FIBA exercised its
right of veto.
11.6 Subject to delegation of one or more of
the below powers to the Director by decision
of the Assembly, the Board is the executive
body of the Company and it is authorized to:
1) represent the Company, through
the Chairman and the Director,
toward third persons;
2) establish all the regulations of the
competitions organized by the
Company;
3) run the Company’s business in
accordance with these Statutes
and the Assembly’s decisions;
4) determine the proposal of a
business plan;
5) determine the amount(s) that will
be distributed to the participating
clubs each season of the
competition organized by the
Company;
6) give proposals for adoption of
decision by the Assembly;
7) implement the Assembly’s
decisions;
8) conclude, through the Chairman,
contracts with sponsors, TV
broadcasters and other third
parties;
9) conclude, through the Chairman,
credit contracts and all other
contracts and legal transactions;
10) adopt the Company’s by-laws
whose adoption is not within the
competence of the Assembly;
11) decide on all aspects of labor
relations in the Company;
12) perform all actions and adopt
decisions which do not fall
within the authorizations of the
primila pismeno obaveštenje o odluci
Odbora (ukoliko FIBA nije prisustvovala).
Članovi, njihovi punomoćnici, članovi
Odbora i Direktor, kao i osobe zaposlene ili
angažovane od strane Društva, obavezni su
da preduzmu sve mere da se izbegne
primena (ili ponište efekti) odluke protiv
koje je FIBA uložila svoje pravo veta.
11.6 Osim u slučaju da Skupština odlukom
delegira jedno ili više donjih ovlašćenja
Direktoru, Odbor je izvršni organ Društva i
ovlašćen je da:
1) preko Predsednika i Direktora
zastupa društvo prema trećim
licima;
2) donese sva pravila takmičenja
organizovanog od strane Društva;
3) vodi poslove društva u skladu sa
ovim Statutom i odlukama
Skupštine;
4) utvrdi predlog poslovnog plana;
5) odredi iznos(e) koji će biti
dodeljivani svake sezone
klubovima koji učestvuju u
takmičenju koje organizuje
Društvo;
6) predloži donošenje odluke od
strane Skupštine;
7) izvršava odluke Skupštine;
8) zaključi, preko Predsednika,
ugovore sa sponzorima, TV
emiterima i ostalim trećim licima;
9) zaključi, preko Predsednika,
ugovore o kreditu I sve ostale
ugovore i pravne poslove;
10) donese opšte akte Društva čije
donošenje nije u nadležnosti
Skupštine;
11) odluči o svim aspektima radno-
pravnih odnosa u Društvu;
12) obavlja sve poslove i donese
odluke koje nisu u nadležnosti
Skupštine.

Assembly.
11.7 The Chairman of the Board and the
Director are entitled to jointly sign the
contracts on behalf of the Company, on the
basis of the Assembly’s and/or Board’s
decisions. The Assembly may establish a
maximum value for contracts that can be
signed on behalf of the Company solely by
the Director.
11.7 Predsednik Odbora i Direktor su
ovlašćeni da zajedno potpisuju ugovore u
ime Društva na osnovu odluke Skupštine i/ili
Odbora. Skupština može utvrditi
maksimalnu vrednost ugovora koje Direktor
samostalno može potpisati u ime Društva.
Article 12
Powers of the Director
Član 12
Ovlašćenja Direktora
12.1 The Director shall be appointed by
decision of the Assembly for a determined
period. He/she shall sign an employment
contract with the Company.
12.2 Once appointed, the Director shall
remain at the position until the expiry of
his/her contract, unless he/she is dismissed
for serious reason or resigns.
12.3 The Director is responsible for regular
business operations of the Company and
other performances conferred to him/her by
the Assembly or the Board.
12.4 The Director is also responsible for:
1) implementation of decisions of the
Board and the Assembly;
2) keeping the records on all adopted
decisions of the Assembly and the Board,
which any of the Shareholders may review
during working hours of the Company;
3) regular keeping of business books of
the Company;
4) accuracy of financial statements of
the Company;
5) all necessary actions for the day to
day operation and running of the
competition;
12.5 FIBA has a right to a revoke any
decision of the Director within 8 days from
the receipt of notification of such decision.
12.1 Direktor će biti postavljen odlukom
Skupštine na određeni period. On/ona će
potpisati ugovor o radu sa Društvom.
12.2 Kada bude postavljen/a, Direktor će biti
na toj poziciji do isteka njegovog/njenog
ugovora, osim ukoliko je razrešen/a zbog
ozbiljnih razloga ili je podneo/la ostavku.
12.3 Direktor je zadužen za redovne
poslovne aktivnosti Društva i ostale radnje
koje su mu/joj poverene od strane Skupštine
ili Odbora.
12.4 Direktor je takođe zadužen za:
1) implementaciju odluka Odbora i
Skupštine;
2) vođenje evidencije o svim odlukama
donetim od strane Skupštine i Odbora, u koje
svaki od Članova može izvršiti uvid tokom
radnog vremena Društva;
3) uredno vođenje poslovnih knjiga
Društva;
4) tačnost finansijskih izveštaja
Društva.
5) sve radnje potrebne za svakodnevno
upravljanje i rad takmičenja;
12.5 FIBA ima pravo da ukine bilo koju
odluku Direktora u roku od 8 dana od
prijema obaveštenja o takvoj odluci.
Article 13
Business Secret
Član 13
Poslovna tajna

13.1 Business secret is the information:
a) whose disclosure to third parties
could cause damage to the Company, as
well as the information that has or may have
economic value because it is not generally
known, nor it is easily accessible to third
parties who could gain economic benefit by
exploiting or disclosing such information; or
b) which is protected by the Company
by appropriate measures in order to protect
its secrecy; or
c) determined as such by the law, or
decisions of any corporate body of the
Company.
13.2 The Shareholders, their proxies,
liquidating administrator, the members of
the Board and the Director, as well as the
persons employed with or contracted by the
Company are obliged to keep the business
secret confidential for 2 years after the
termination of their functions.
13.1 Poslovna tajna je informacija:
a) čije bi saopštavanje trećem licu
moglo naneti štetu Društvu, kao i
informacija koja ima ili može imati
ekonomsku vrednost zato što nije opšte
poznata, niti je lako dostupna trećim licima
koja bi mogla ostvariti ekonomsku korist od
korišćenja ili saopštavanja takve informacije;
ili
b) koja je od strane Društva čuvana
odgovarajućim merama za zaštitu njene
tajnosti; ili je
c) kao takva određena zakonom, ili
odlukom bilo kog organa Društva.
13.2 Članovi, njihovi punomoćnici,
likvidacioni upravnik, članovi Odbora i
Direktor, kao i sve osobe zaposlene ili
angažovane od stane Društva su u obavezi
da čuvaju poslovnu tajnu 2 godine nakon
prestanka tog svojstva.
Article 14
Control over the Company’s activities
Član 14
Kontrola aktivnosti Društva
14.1 The Shareholders are entitled to review
the activities and financial operations of the
Company and to examine the premises that
the Company uses.
14.2 Each Shareholder has the right to
perform an independent control over the
Company’s financial operations, at its own
expence.
14.1 Članovi imaju pravo da vrše uvid u
delatnost i finansijsko poslovanje Društva i
pregledaju prostorije koje Društvo koristi.
14.2 Svaki član ima pravo da o svom trošku
izvrši nezavisnu kontrolu nad finansijskim
poslovanjem Društva.
Article 15
Applicable Law
Član 15
Merodavno pravo
15.1 The Law of Republic of Montenegro
shall be applied to all issues related to
validity, interpretation or execution of these
Statutes.
15.1 Na sva pitanja koja se odnose na
važenje, tumačenje ili izvršenje ovog Statuta
primeniće se pravo Republike Crne Gore.
Article 16
Jurisdiction
Član 16
Nadležnost
16.1 All disputes arising out of or in
connection with these Statutes shall be
finally settled by arbitration organized in
accordance with the Procedural Rules of the
Court of Arbitration for Sport. The number
of arbitrators shall be three. The place of
16.1 Svi sporovi koji nastanu iz ovog Statuta
ili u vezi s njim konačno se rešavaju
arbitražom organizovanom u skladu sa
Pravilnikom Sportskog arbitražnog. Spor će
rešavati tri arbitra. Sedište arbitraže će biti u
Lozani, Švajcarska. Jezik arbitražnog

arbitration shall be Lausanne, Switzerland.
The language to be used in the arbitral
proceedings shall be English.
postupka će biti engleski.
Article 17
Amendments to the Statutes
Član 17
Izmene Statuta
17.1 These Statutes are the basic legal act of
the Company. All decisions and regulations
of the Company shall be in accordance with
the Statutes. In the event of conflict or
discrepancy between these Statutes and any
decision or document (e.g. regulations)
adopted by the bodies of the Company,
these Statutes shall prevail.
17.2 Amendments to these Statutes may be
made only as set out in Clause 10.4 above.
17.3 The Shareholders and the Board are
authorized to submit proposals for
amendments to these Statutes.
17.1 Ovaj Statut je osnovni pravni akt
Društva. Sve odluke i pravila Društva
moraju biti u skladu sa Statutom. U slučaju
sukoba ili diskrepance između ovog Statuta i
bilo koje odluke ili dokumenta (npr.
pravilnika) donetim od strane organa
Društva, ovaj Statut će preovladati.
17.2 Izmene ovog Statuta mogu biti
donešene samo na način propisan gornjom
odredbom 10.4.
17.3 Članovi i Odbor su ovlašćeni da
podnose predloge za izmene ovog Statuta.
Article 18
Transitional provisions
Član 18
Prelazne odredbe
18.1. These Statutes shall come into force on
the date of registration of the Company with
competent registry of Republic of
Montenegro.
18.1 Ovaj Statut stupa na snagu danom
registracije Društva kod nadležnog registra
Republike Crne Gore.
On behalf of the Shareholders/U ime i za račun Članova:
Basketball Federation of Bosnia and Herzegovina
Name:
Capacity:
Signature and Stamp: ___________________________
Basketball Federation of Croatia
Name:
Capacity:
Basketball Federation of Former Yugoslav Republic of Macedonia
Name:
Capacity:

Basketball Federation of Montenegro
Name:
Capacity:
Basketball Federation of Slovenia
Name:
Capacity:
Basketball Federation of Serbia
Name:
Capacity:
International Basketball Federation
Name:
Capacity:

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