The Foundation - II. The Foundation's legal status

II.

The Foundation’s legal status

 

  1. The foundation is a juridical person; it is self-sufficient in accomplishing its tasks.

  2. Joining

The Foundation is open to the affiliation of Hungarian and foreign juridical- and natural persons or to that of non-juridical- organizations and communities inasmuch as these approve of its aims and contribute with estimable input of capital. Affiliation is possible by disclosing personal details or anonymously; by donating money or by payment in kind of physical assets, or by guaranteeing to deliver services. The Foundation will open a foreign currency account in order to administer possible foreign donations and may use the donations on this account by paying in foreign currency.

  1. The Foundation’s duration

The founder establishes the Foundation for an indefinite time.