The European Chips Act



Article 8, Liability of the ECIC.


1. An ECIC shall be liable for its debts.


2. The financial liability of the members for the debts of the ECIC shall be limited to their respective contributions provided to the ECIC. The members may specify in the statutes of the ECIC that they will assume a fixed liability above their respective contributions or unlimited liability.


3. The Union shall not be liable for an ECIC’s debts.