Page:Albania Law No. 8788 On Non-Profit Organizations.pdf/9

organization, only if they are fair and in conformity with real market value. These agreements may be permitted only if they are examined beforehand by the steering organs. Interested persons shall be excluded from the discussions and the voting on the agreement.

In a case of conflict of interest either a prohibited agreement or a consummated one, and if the above procedures are not followed, the nonprofit organization may invalidate the agreement and bring a lawsuit in court for indemnification.

Article 27
Resolution of a Conflict of Interests

Each member of the highest decision-making or executive organ of a nonprofit organization shall withdraw from the examination and decision-making on any question where he or his family members have direct or indirect economic or personal interests.

Each financial transaction for the account of a non-profit organization, with a member of the steering or executive organ or an employee of the non-profit organization, or another juridical or natural person, when the member of the decision-making organ, the executive organ or the employee of the non-profit organization has a financial interest, may be concluded only if the highest decision-making organ permits it and if the transaction contains the most favorable conditions for the non-profit organization.

Paid employees may not be members of the decision-making organ of a nonprofit organization. They may participate in their meetings without the right to vote.

Article 28
Resolution of Disagreements

Disagreements among the members, between them and the decision-making and executive organs or between them and the employees are solved in good faith and in conformity with the charter and rules of the non-profit organization, otherwise the question is resolved by the court.

Article 29
The Activity of Foreign Non-profit Organizations

Foreign non-profit organizations have the right to exercise temporary or permanent activities in the Republic of Albania, respecting Albanian legislation and good customs and under the same conditions with those of local nonprofit organizations.

For the exercise of their activity in the Republic of Albania, foreign non-profit organizations may establish and register the non-profit organizations, or their branches, according to Albanian law.

Article 30
Permission for Temporary Activity

Except when it is provided otherwise in bilateral or multilateral agreements, foreign non-profit organizations, in order to exercise temporary activity, on their application receive only preliminary permission of the state organ that conducts activity in the same field or in fields similar to the foreign non-profit organizations.

The decision of the respective state organ to issue a temporary license for activity is given no later than one month from the date of submission of the