S.L. 460.23 Art. 3Objective.

(1) A European grouping of territorial co-operation, hereinafter referred to as "EGTC", may be established on Community territory under the conditions and subject to the arrangements provided for by the EC Regulation.

(2) The objective of an EGTC shall be to facilitate and promote cross-border, transnational and, or inter-regional co-operation between its members as set out in Article 3(1) of the EC Regulation, with the exclusive aim of strengthening economic and social cohesion.

(3) An EGTC shall have legal personality.

(4) An EGTC shall have in each Member State the most extensive legal capacity accorded to legal persons under that Member State’s national law. It may, in particular, acquire or dispose of movable and immovable property, employ staff and may be a party to legal proceedings.