Law of the Republic of Moldova on Foundations
No 581-XIV of 30.07.99
Monitorul Oficial al R.Moldova No 118-119/556 of 28.10.1999
Concluding and Transitional Provisions
(1) The foundations that were registered before the enactment of this law shall be re-registered during one year. In this case they shall preserve the right to have their titles, symbols, bank accounts and other requisites; the date of the factual establishment of the foundation shall be inserted in the Certificate of Registration. The foundations that failed to be re-registered during one year since the day of the enactment of this law shall be considered as self-liquidated and excluded from the corresponding register on the basis of the decision of the Ministry of Justice.
(2) Noncommercial organizations that are not foundations, though having the word "foundation" in their titles, must exclude this word from their titles during one year. In case that they do not execute the provisions of this point, the title shall be changed in the due course of law on the demand of the Ministry of Justice.
(3) The Certification Commission established in compliance with Article 35 of the Law on Civic Associations shall be authorized to exercise certification of foundations.
(4) The Government should:
in six-month term create the State register of non-commercial organizations, whose holder shall be the Ministry of Justice. The existing register of civic associations should be included in the aforementioned register as its component;
in one-year term bring its legal statutory acts in conformity to this law.
The President of the Parliament
Chisinau, July 30, 1999.
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