K--LIMITATION, INELIGIBILITY, AND SUSPENSION OF VOTING RIGHTS
K-1. The Managing Director shall report to the Executive Board any case in which it appears to him that a member is not fulfilling obligations under the Articles other than obligations referred to in Rule S-1.
Adopted September 25, 1946, amended September 18, 1969, and April 1, 1978
K-2. Whenever the Executive Board is authorized by the Articles to declare a member ineligible to use the general resources of the Fund it may refrain from making the declaration and indicate the circumstances under which, and the extent to which, the member may make use of the general resources.
Adopted September 25, 1946, amended April 1, 1978
K-3. Before any member is declared ineligible to use the general resources of the Fund pursuant to Article XXVI, Section 2(a), the matter shall be considered by the Executive Board, which shall inform the member in reasonable time of the complaint against it and allow the member an adequate opportunity for stating its case both orally and in writing.
Adopted September 25, 1946, amended April 1, 1978
K-4. When any member that is ineligible to use the general resources of the Fund, or whose use of the general resources has been limited according to Rule K-2 above, requests the Executive Board to permit the resumption of the use of the general resources with or without special limitations and the Executive Board decides not to permit such resumption, a written report shall be presented to the member stating what further action is required before such resumption will be permitted.
Adopted September 25, 1946, corrected October 18, 1950, amended April 1, 1978
K-5. When it is decided to use assets held in the Special Disbursement Account to make a distribution to developing members in accordance with Article V, Section 12(f)(iii), the Executive Board shall consider whether to permit a member that has been declared ineligible to use the general resources of the Fund under Article V, Section 5 to participate in the distribution before the ineligibility of the member has ceased.
Adopted April 1, 1978
K-6. Before any member's voting rights are suspended pursuant to Article XXVI, Section 2(b), the matter shall be considered by the Executive Board, which shall inform the member in reasonable time of the complaint against it and allow the member an adequate opportunity for stating its case both orally and in writing.
Adopted March 10, 1993
K-7. When a member, whose voting rights have been suspended, requests the Executive Board to terminate the suspension and the Executive Board decides not to terminate such suspension, a written report shall be presented to the member stating what further action is required before such suspension will be terminated.
Adopted March 10, 1993