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Part 2 · Special provisions  ›  Division 8 · Division by separation out of the assets of foundations having legal personality › Section 163

Resolution on the agreement

(1) The stipulations of the laws governing foundations as regards the adoption of resolutions on the amendment of the by-laws are to be applied accordingly to the resolution as to a division by separation.

(2) Unless otherwise determined by the laws governing foundations that are applicable as per subsection (1), the resolution as to a division by separation must be adopted unanimously by the body designated by the by-laws as the body competent for adopting resolutions on amendments of the by-laws or, if such a body has not been determined, by the management board of the foundation.

(3) The resolution and the consent pursuant to subsections (1) and (2) must be recorded by a notary.

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