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The IFBB wish to inform as follows:

INSTITUTIONAL ASPECTS OF THE IFBB

The IFBB was founded by brothers Joe and Ben Weider in 1946 in Montreal, Canada.
On December 30th, 1969, was constituted the International Federation of Bodybuilders Incorporated (Federation Internationale des Culturistes Incorporée), as a non profit organization under the Canadian laws. This was done under the guidance of Oscar State, OBE (1911-1984), a world-renowned sports official, who advised Ben Weider that in order for the IFBB and the sport to achieve legitimacy and to be recognized by the General Association of International Sports Federations, it must be set up as a legal entity with a constitution and rules.
After the election of Mr Rafael Santonja as IFBB President in Ostrava; on July 6th 2007, was agreed, in a Joint Declarations signed by Ben Weider and Rafael Santonja, the liquidation and dissolution of the International Federation of Bodybuilders Incorporated, deciding the pass of the balance accounts to the new non profit association that was going to be built in Spain, to follow as universal successor of the IFBB activities.
On September 14th 2007 was constituted in Spain the "Asociación-Federación Internacional de Fisicoculturismo y Fitness", adopting the shape of a non profit association.
The "Asociación-Federación Internacional de Fisicoculturismo y Fitness" founded on September 14th 2007, under the Spanish Jurisdiction, in conformity with the Organic Law 1/2002 that regulates the Association Rights in Spain, is the current juridical ground of the IFBB; and it is the holder of all its rights and obligations, based in the already mentioned agreement from July 6th 2007, in which was established the universal succession of the International Federation of Bodybuilders Incorporated (Federation Internationale des Culturistes Incorporée).

INSTITUTIONAL ASPECTS OF THE EBFF
• The "Asociación-Federación Europea de Fisicoculturismo y Fitness" is the juridical form for the EBFF, founded in Minsk in 2002, by the Spanish Jurisdiction
• The "Asociación-Federación Europea de Fisicoculturismo y Fitness" is not a corporation; it is an association.

• The by-laws of the "Asociación-Federación Europea de Fisicoculturismo y Fitness" are a basic model provided for the inscription of the association in the Spanish Registry of Associations; and this is not preventing the full effectivity of the EBFF Constitution.


ECONOMICAL ASPECTS
The "Asociación-Federación Internacional de Fisicoculturismo y Fitness" as Spanish non profít association:
The annual accounts are prepared by the treasurer, who presents the accounts balance, as all of our members attending the Congress know, to the Executive Council, and then to the Congress for approval. .
The accounts are revised by two interventors of the Assembly.
The balance sheet is published in a yearly basis at the Congress Agenda.



















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