Space Law TOP
Contents Intoroduction Preliminaries Chapter 1 Chapter 2
Chapter 3 Chapter 4 Appendix Index

Article 18: Amendment


The agreement to establish the corporation may be amended on the recommendation of one or more of the members to be submitted to the General Manager and approved by one third of its members or at the proposal of the Board of Directors. The General Manager shall notify all the member states of the said proposal.


The General Body shall consider the proposed amendment at its first ordinary meeting held after the submission of the proposed amendment.
An extraordinary meeting may be called to consider such proposal in accordance with Article 10 of this agreement, provided that the proposed amendment has been circulated among the members ninety days before the date of such meeting.


The General Body shall approve the amendment by a majority of two thirds of its members.


The amendment shall be enforced after a third of the member states have handed the documents ratifying the amendment, provided that their proportion of shareholding in the capital of the corporation is not below 60%.

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