Reorganisation of an association – Merger
1. Summary
Merging is a process in which two or more associations (associations to be added) transfer all their property to a newly founded association (acquiring association). In the case of mergers, the merging association ceases to exist without winding-up proceedings. In the case of a merger, the rights and obligations of the association to be attached shall be transferred to the acquiring association. Members of the association to be joined shall become members of the acquiring association.
Not earlier than 3 months after publication of the notice in the official publication 'Latvijas Vestnesis', each association involved in the reorganisation shall submit documents to the Enterprise Register for reorganisation.
Members shall have the right to participate and vote remotely in a meeting of members. Read more in the Explanatory Notes on Remote participation in meetings of Members, shareholders and Members section.
In the cases specified in the Law, an application for registration of changes may be sent for inspection to the State Revenue Service. Read more about the assessment of applications received in the Enterprise Register at the State Revenue Service
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7 days (not including the day of submission)*Review
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from 0 EURCosts
* The statutory time limit for examining documents may be extended on the basis of Section 64, Paragraph two of the Administrative Procedure Law.
Documents to be submitted:
- application form B5;
- a reorganisation contract or a duly certified copy;
- minutes of the meeting of members or an extract thereof;
- the articles of association of the acquiring association;
- a list of the members of the board of directors of the acquiring association;
- joint application of associations for entering of a newly founded association in the Register and documents to be appended by the acquiring association;
- a receipt or a copy thereof, or a printout of an Internet bank payment, or information regarding payment of the State fee.