Assistance with legal questions about foundations
Questioner
What is it like when a small foundation has fallen behind on rent and electricity payments? The board consists of three people. There are no members and no income. Who pays the bill???Lawyer
The board is a legal entity, so the board will have to pay if the board has entered into an agreement with the landlord and energy supplier. If the foundation does not generate income, then the board members must pay the costs of the obligations entered into by the foundation. I assume that this will also be stated in the foundation's statutes. Do you have any questions? Please feel free to ask.Take the next step
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