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Book 1 · General part  ›  Subtitle 2 · Foundations › Section 87

Change of objects; termination

(1) Where the objects of the foundation have become impossible to fulfil, or where they endanger the common good, the competent public authority may give the foundation another intended purpose or terminate it.

(2) In altering the objects, the intention of the founder as a rule is to be taken into account, and in particular, it generally is to be ensured that the income generated by the foundation assets is maintained for the group of persons that it was meant to benefit, as intended by the founder. The public authority may amend the constitution of the foundation to the extent that the alteration of the objects so requires.

(3) Before the objects are altered and the constitution is changed, the board of the foundation as a rule is to be heard.

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