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- W23410732 abstract "Although historically foundations in the Netherlands were established for spiritual and idealistic purposes, for more than a century foundations are used for all sorts of purposes with two restrictions: the non-distribution constraint and the no-members constraint. After dealing with the establishment – without government involvement – and registration, the internal structure is looked at. The law (Book 2 title 6 Civil Code) does not regulate much in general. However, in practice many models are developed and also used in legislation in the fields of education, public housing, etc. The civil code has regulated quite in detail procedures for major changes that may happen regarding foundations, like amendment of articles of formation, transformation, merger and demerger, and dissolution. Also these topics are described. As the law does not prescribe internal supervision on the management board, some external public supervision should be provided. Apart from the role the Public Prosecutor, stakeholders and the courts have here, some regulations of external supervision resulting from sector-specific legislation are mentioned. This chapter ends with some concluding remarks about the development of the system." @default.
- W23410732 created "2016-06-24" @default.
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- W23410732 date "2014-01-01" @default.
- W23410732 modified "2023-09-27" @default.
- W23410732 title "The Development of the Law on Foundations in the Netherlands" @default.
- W23410732 cites W59818227 @default.
- W23410732 doi "https://doi.org/10.1007/978-94-017-9069-7_11" @default.
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