The addition is a process in which a foundation (the foundation to be added) transfers all of its property to another foundation (the receiving foundation). In the case of a merger, the foundation to be added ceases to exist without liquidation proceedings and the rights and obligations of the foundation to be added shall be transferred to the acquiring foundation
Not earlier than 3 months after the publication of the notice, each foundation involved in the reorganisation shall submit documents to the reorganisation in the Enterprise Register in the official publication Latvijas Vēstnesis.
Documents to be submitted:
Only foundations may participate in the reorganisation process. The articles of association may provide that reorganisation is permitted or not permitted under certain preconditions. Reorganization of the psychiatry foundation is not allowed.