Legal Liability of Foundations


Questioner

In 2012, I was appointed interim treasurer of a foundation. That same year, I became Technical Director within the foundation. Since 2012, I have been addressed in the minutes as Techn. Dir. every year. I also sign these minutes jointly with the Chairman as Techn. Dir. The foundation consists of two people: the chairman and myself. In all the foundation's documents, I am always referred to as Techn. Dir., and the position of treasurer was never discussed again, as the chairman handled all the financial activities and banking matters. I wrote at most one or two invoices per month. Now, after 6 years, it is stated that I am jointly and severally liable in the Foundation as treasurer. My question is; Is this possible, or do I have to report this to the Chamber of Commerce? What should I do to complain about this? I am awaiting your response.

Questioner

No, you cannot be held liable for this. However, you are both liable for the foundation's management. Reporting this to the Chamber of Commerce is pointless. You'd be better off going to court. If you'd like, I can review the dispute further for you. If you have any questions, please don't hesitate to ask.

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