Liquidation of a foundation is the process of ending the foundation’s activities and distributing its assets. is the general process of liquidation of the foundation:
- resolution on the liquidation of the foundation,
- resolution on the appointment of the liquidator/liquidators along with the method of representation,
- resolution on the allocation of assets remaining after liquidation,
- additional arrangements or documents required by the foundation’s statute.
The above documents are necessary to commence liquidation and report it to the National Court Register. The notification is made by the appointed liquidator or a representative appointed by him. The application is made by completing the appropriate form via the Court Registers Portal.
It is worth emphasizing that the process of liquidating a foundation is complicated and may require the assistance of a lawyer to ensure that all steps are carried out in accordance with legal regulations and the foundation’s statute.
