Regulations on Disposal of the Financial Affairs of Social Associations Article 13

To purchase, sell, transfer, or set the rights to mortgage real properties, a social association shall submit the proposal to the member's (member representative's) congress for adoption. However, in special cases and with the authorization ofthe member's (member representative's) congress, such disposal of real properties may be adopted first by the respective meetings of the board of directors and the board of supervisors or a joint meeting of directors and supervisors, and then submitted tothe congress to subsequently admit.