Article 41. Business activity by education institution
41.1. An educational institution can engage in the type of business activities authorized by the respective executive authority and in accordance with the procedures prescribed in its statute in order to generate extra income.
41.2. The educational institution is authorized to freely dispose of its income obtained from business activities on the basis of the relevant legislation. The resources obtained by the public educational institution through business activities are channeled directly to the development of education and social protection of its staff.
41.3. An educational institution can establish legal entities or participate in the activities of other legal entities in accordance with the procedures defined by the legislation in order to conduct its business operations.
