[eu]cite

Home› Commercial & Company Law› UmwG (EN)

Part 2 · Special provisions  ›  Division 8 · Division by separation out of the assets of foundations having legal personality › Section 164

Approval of the division by separation

(1) The division by separation will require government approval if this is stipulated by the laws governing foundations.

(2) Inasmuch as the division by separation pursuant to subsection (1) does not require government approval, the court having jurisdiction at the seat of the foundation is to refuse to enter the division by separation in the register also in those cases in which it is manifest that the liabilities of the foundation exceed its assets.

←→ also move between sections