Article 17
The Charter
The detailed regulation of the issues of organization, functioning and activity of the non-profit organization is provided in its charter.
The charter of a non-profit organization is drafted by the founders and approved in the founding meeting of the organization. If the case of the establishment of a foundation through a testament, the charter may be drafted and approved by the executor of the testament, except when the testament provides otherwise.
The charter of a non-profit organization shall contain:
a) the form of organization;
b) the name, seal and special symbol of the organization;
c) the founders;
ç) the purpose and field of activity of the organization;
d) a prohibition of the distribution of profits;
dh) the duration;
e) the steering organs and their competencies;
ë) the composition of the first steering organs provided in the charter;
h)[2] procedures and methods for electing or changing the steering organs;
i) rules for holding a meeting, the participation, the manner and procedure of voting to take decisions;
j) criteria for administration of property;
k) the manner of approving an amendment of the charter, the establishment act and the internal rules;
l) rules for the merging and dissolution of the non-profit organization;
ll) the method of legal representation;
m) rules for liquidation and the destination of property after the termination of the organization.
In addition to what is mentioned in the third paragraph of this article, the charter of an association shall also indicate:
a) rules for acceptance and of expulsion of members;
