Establishment of a Foundation: Frequently Asked Questions

Questioner

A foundation is established with the name of the deed Establishment Foundation Abc at the top of the deed. In the certified deed for the foundation, the name of the foundation is stated only and twice: Ac. Is that a typo or does that make the deed null and void?

Lawyer

The deed of incorporation is therefore not null and void, but the name of the foundation does not meet the legal requirements; it is mandatory that the word 'foundation' is part of the statutory name. The notary will therefore have to rectify the deed.