Decree Law No. 148/2019
- Issuer: Presidency of the Council of Ministers
- Diploma Type: Decree Law
- Number: 148/2019
- Pages: 7 - 8
Summary in plain english
This decree-law revokes the articles of association of three private foundations.What is going to change?
The articles of association of the foundations in question now adopt the form provided for the private foundations, in conformity with the Foundations Framework-Law.
The bodies of these foundations must present new articles of association to the competent entity for their recognition.
Nevertheless, this revocation does not affect the foundations’ institution, their ability to hold rights and obligations and their public utility status.What advantages does it bring?
This decree-law allows to adapt the foundations’ articles of association to the Foundations Framework-Law.When does it enter into force?
This decree-law enters into force five days following its publication.