• lv
  • en

Change of the purpose of a foundation

1. Summary

The purpose of the foundation is defined in the articles of association, and therefore, the relevant paragraph of the articles of association must be amended accordingly when changing the purpose. Only the board is entitled to amend the articles of association. The articles of association may provide that an approval of other management body is necessary for amending the articles of association. The amendments to the articles of association enter into force upon their approval, while in respect to third persons – only after the registration of the amendments in the Register of Associations and Foundations.

  • 7 days

Documents for submission