International not for profit association

The International not for profit association is an association whose legal personality is recognized by the King and which pursues a purpose of international utility.

The AISBL is an association with a legal personality recognised by the King and which pursues an aim of international utility.

Details

Legal Personality

Yes

Assets/Share Capital

Own assets- no share capital

Profit Distribution

None

Duration

Illimited except provided otherwise in the statutes

Incorporation Requirement

Deed

Notary deed

Seed Funding

Sufficient for projected purpose

Minimum number of shareholders

No shareholders- Minimum 2 members

Financial Plan

None

Securities

Types

None

Voting Rights

One vote per member

Decision Making

Board

The statutes define the minimum number of directors, as well as its functionning.

Details

Incorporation Requirement

Securities

Decision Making

Related Topic Posts

The distribution of dividends in the srl

Limited Liability Company (LLC)

Shareholder Approval Clause

Special report of the board of directors (alarm bell)

Confidentiality Clause

Retreating action

Board (of directors)

Competing Offer Clause

Buy or Sell Clause

Running your company alone or with others?

Investment and subscription contract

Minutes

Protection of the corporate name

LOCK-UP CLAUSE

General Meeting

Right of First Offer Clause

Clause Providing for an Unlocking Action

Chairman Deadlock Clause

Stability Clause

Exit Clause For Shareholders

Classes of shares’ disavantages

Incorporate a company

Mini Trial Deadlock Clause

Entry into force of the new Code of Companies and Associations

Mediation Deadlock Clause

Center of operations (branch of a not-for-profit)

The minority shareholders action

Right Of First Refusal Clause

Clause Creating a Carrying

Clause introducing a multi-party vote at the General Meeting

Title

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