Article 37. Investments from the Treasury of the Bureau

The available funds of the Treasury of the Bureau shall be invested in accordance with the procedure set forth by the Government or by an institution authorised by the Government.

Article 38. Appeals against Decisions of the Bureau

Decisions of the Bureau may be appealed against in court in accordance with the procedure established in by the law.

Article 39. Financial Accounts, Auditing and Control of Activities

1. The Bureau shall have its annual financial accounts audited by an auditing company and approved by the general meeting of members of the Bureau within 4 months after the end of the financial year, and shall submit them to the Ministry of Finance.

2. The Bureau shall annually publish its financial accounts for the preceding year in a national daily newspaper before June 1st.

3. The Ministry of Finance may require that the Bureau submit its financial accounts to the Ministry of Finance within time limits other than specified in paragraph 1 of this Article.

4. The Bureau shall be liable for the accuracy of information in its financial accounts in accordance with the procedure established by the law.

5. At the request of the Ministry of Finance, the auditing company which has audited the financial accounts of the Bureau shall provide explanations regarding the financial accounts.

6. Once a year, the Bureau shall provide the Ministry of Finance with information on the activities of the Bureau. The Ministry of Finance may require that such information be given at shorter intervals.

Article 40. Specific Features regarding the Restructuring and Closure of the Bureau

1. The Bureau may be restructured, reorganised or liquidated as laid down by a separate law.

2. The Minister of Finance, on the basis of his own decision, or the general meeting of members of the Bureau, on the basis of its decision taken by a majority of 3/4 of the votes, may request the Government to introduce a draft law regarding the restructuring, reorganisation or liquidation of the Bureau.

3. Where the Bureau is reorganised or liquidated by a court decision, the rights and obligations of the Bureau are transferred to another legal entity registered in the Republic of Lithuania, which is assigned to perform the functions of the Bureau by the law.

CHAPTER FIVE

CONTROL OF INSURANCE