Decree No. 6526, July 31 2008

Original Language Title: Decreto nº 6.526, de 31 de Julho de 2008

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DECREE NO 6,526, DE July 31, 2008.

Changes the Social Statute of the National Bank of Economic Development and Social-BNDES, approved by Decree no 4,418, of October 11, 2002.

THE PRESIDENT OF THE REPUBLIC, in the use of the assignments conferring you the art. 84, incisos IV and VI, point?a?, of the Constitution, and in view of the provisions of art. 2nd paragraph, single paragraph, of Law No 5,662 of June 21, 1971,

DECRETA:

Art. 1o The arts. 2o, 11, 12, 15, and 25 of the Social Statute of the National Economic and Social Development Bank-BNDES, approved by Decree no 4,418, of October 11, 2002, pass vigorously with the following essay:

?Art. 2nd .................................................................................

Single Paragraph. The BNDES, to exercise outside the national territory the integral activities of its social object, may constitute subsidiaries abroad, in accordance with the constant authorization of the art's single paragraph. 5th of Law No 5,662 of June 21, 1971.? (NR)

?Art. 11. ..............................................................................

I-eleven members, among them the President of the Council, being four nominees, respectively, by the Ministers of State for Planning, Budget and Management, Labour and Employment, the Finance, and the Foreign Affairs and the rest by the Minister of State for Development, Industry and Trade Exterior ; and

............................................................................................? (NR)

?Art. 12. .............................................................................

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IX-opinion on the proposal for creation, extinction, association, merger or incorporation of subsidiary companies, for the realization of ancillary services or for the execution of ventures whose objectives are understood in the area of acting of BNDES ;

............................................................................................? (NR)

?Art. 15. ............................................................................

......................................................................................................

IV-approve the internal organization of BNDES and the respective distribution of competence, as well as the creation of offices, representations, agencies or subsidiaries ;

..........................................................................................? (NR)

?Art. 25. ...........................................................................

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§ 4o From the result of the exercise, obtained after the constitution of the legal reserve and the provision for payment of the dividends, the Board shall propose the participation of the employees, on the bases and conditions laid down in the legislation in force.

§ 5o The balance, if any, will presented to the Minister of State for Finance, accompanied by an application plan drawn up by the Board.

§ 6o About the values of the dividends and interest, on the basis of remuneration on equity, due to the National Treasury, will focus on financial charges equivalent to the SELIC fee, from the closure of the social year to the day of the effective pick-up or payment, without prejudice to the incidence of moratorial interest when such collection or payment does not occur on the date fixed in law or deliberation of the Board of Directors, and shall be regarded as the daily fee, for the update of that value during the five working days prior to the date of payment or pick-up, the same SELIC fee released on the fifth working day preceding the day of the effective discharge of the obligation.

§ 7o The proposal on the destination of the profit for the financial year, after the approval of the Minister of State of the Finance, is to be published in the Official Journal of the Union in up to thirty days from the date on which it is approved.? (NR)

Art. 2o This Decree goes into effect on the date of its publication.

Brasilia, July 31, 2008 ; 187o of Independence and 120the of the Republic.

LUIZ INACIO LULA DA SILVA

Miguel Jorge