Statute of the University of Modena and Reggio Emilia
TITLE IV - External Relations
Art. 43 - Participation in private-law bodies
Even through specifically established bodies, the University may participate in companies or other forms of association under private law, useful for the achievement of its institutional purposes.
The participation referred to in the previous paragraph is approved by the Board of Directors after consulting the Academic Senate.
The participation of the University must in any case comply with the following criteria:
a) university level of the activity carried out certified by a scientific committee;
b) availability of financial and organisational resources;
c) destination of the share of any profits distributed to be attributed to the University for institutional, educational and scientific purposes;
d) expressed provision of shareholder agreements to safeguard the University on the occasion of capital increases;
e) limitation of the University competition to the shareholding interest, to cover any losses;
f) the portion of resources available annually in the capital account must be contained within the limits predetermined by the Board of Directors.
The participation of the University can be constituted by the loan of goods, means or facilities, in compliance with the principles set out in paragraphs 2 and 3 of this article and with charges borne by the borrower.
