•1. The name of the organisation is: "Mediterranean Chess Association".
•2. The objects and activities for which the Association is established are:-
•(a) To safeguard and further the interest of chess within the Mediterranean region, as well as the interests of its members;
•(b) To foster a positive framework of friendship and collaboration and generate peaceful relationships within the Mediterranean region;
•(c) To provide an organisation for the promotion and participation of chess in all related existing and future activities, competitions and seminars within the Mediterranean region;
•(d) To disseminate useful and instructive articles and ideas with respect to chess education.
•(e) To raise funds by means of subscription of members or otherwise for all the purposes and objects of the Association in such amounts and in such manner as may be authorised by the Association;
•(f) To do all such other lawful things as are incidental or conducive to the attainment of the above objects.
•3. The Association is an independent non-profit making Association. The income and property of the Association shall only be applied to promote the objects of the Association. Members shall receive no dividend, or bonus, or any other kind of profit, directly or indirectly, from the Association. However, nothing herein shall prevent the payment, in good faith, of remuneration to any member, or to any servant, or officer of the Association, or to any other person, for services actually rendered to the Association. If any Member of the Association pays or received any dividend, or bonus, or any other profit in contravention of this stipulation his liability shall be unlimited.