Founder
The person or persons who set up a private foundation and endow it with assets. Founder rights are strictly personal and only transferable to a limited extent.
Founders can be natural or legal persons. Only natural persons can reserve the right of revocation. Founder rights lapse on the death of the natural person founder unless the foundation declaration provides succession rules.
Where several founders act together they exercise reserved rights jointly in case of doubt. The declaration should provide majority or succession rules.
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Legal basis
Statutory texts for orientation; the version in force at the relevant time prevails.
This explanation gives a general overview of Austrian law and does not replace advice in an individual case. The specific circumstances of your foundation are always decisive.
Conflict in the foundation, a blocked board, information denied?
In foundation law, structure, deadlines and evidence decide. Call us directly or write to us, callback within one business day.
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