Abstract

Abstract In the Austrian private foundation, the status of founder cannot be acquired after the establishment of the foundation. The founder's genuine rights, such as the right to amend the foundation deed and the right to revoke the private foundation, can neither be transferred inter vivos nor upon death. Therefore, founders must ensure during their lifetime that the foundation deed is also tailored to the needs of the subsequent generations.

Full Text
Published version (Free)

Talk to us

Join us for a 30 min session where you can share your feedback and ask us any queries you have

Schedule a call