Article 3
NON-PROFIT ORGANISATION
3.1 FIBA is a non-profit-making organisation and does not pursue any objective for its own gains. It shall pursue solely and directly objectives of general interest in accordance with the laws of Switzerland. The financial resources of FIBA may be used only in pursuit of the objectives laid down in these General Statutes.
3.2 To the extent that compensation or reimbursement of expenses is paid to individuals, it must be appropriate, justified and related to FIBA’s objectives.
3.3 FIBA has established reserve funds and uses such funds in accordance with the laws of Switzerland. The Central Board decides the policy on the usage of the reserves.