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To dissolve a private foundation

Edition 2016/07, No. 3
Title To dissolve a private foundation
Magazine Linden
Autor(en)
  • DDr. Alexander HASCH
  • Mag. Johannes WOLFGRUBER, MBA

 

Short description

It can be noted that it is indeed possible to set up sub-foundations whose purpose differs from that of the main foundation, and that co-founders may also be granted design rights at the level of the sub-foundation; All of this, however, only if these options are provided for based on express regulations of the founder in the foundation deed, possibly by an express order (to the foundation board), and therefore do not contradict the purpose of the main foundation, but are part of the purpose of the main foundation .

 

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