Volume 109, Issue 42
Royal Gazette
8 April 2535
Section107.After liquidation, if any property remains, it shall not be distributed amongst the members of the association. Such remaining property must be transferred to an association, or foundation, or juristic person with purposes relating to public charity as may be named in the articles of incorporation of the association, or if it is not named in the articles of incorporation, it shall be governed by a resolution of the general assembly. However, if such transferee is not specified by the articles of incorporation or general assembly or he has been specified but is incapable of performing his duties, the remaining property shall devolve upon the State.
Section108.Whoever desires to inspect documents relating to an association which are kept by a registrar or to apply to a registrar for copies of the said documents with certification of their correctness shall file an application with the registrar, and once he has paid the fees designated by a ministerial regulation, the registrar shall fulfil his application.
Section109.The Minister of Interior shall be in charge of the execution of the provisions of this Part and shall have the power to appoint registrars and issue ministerial regulations relating to—
(1)the filing of applications for registration and the granting thereof;
(2)the fees for registration, for applying for inspection of documents, and for applying for copies of documents, and the fees for applying to a registrar for the carrying out of any activity as to an association, as well as the exemption of the said fees;
(3)the operation of affairs of associations, and the registration affairs of associations;
(4)any other matters for the fulfilment of the provisions of this Part.
Those ministerial regulations shall come into force upon their publication in the Royal Gazette.
Section110.A foundation comprises the property which is specifically allocated for purposes of public charity, religious affairs, arts, science, literature, education, or other public benefit without an aim to seek interests for sharing, and which is registered under the provisions of this Code.
The property of the foundation must not be managed for seeking interests in favour of any person but for fulfilling the purposes of the foundation itself.
