Section 107.- After liquidation, the remaining assets, if any, cannot be distributed among the members of the association or foundation, or any juristic person whose object is of charity purposes as may be designated in the regulations or if no name designated in the regulation, by the resolution of the association in general meeting. If no transferee of the said assets has been designated by the regulations or by the resolution of association in general meeting, or if designated but it is unable to comply therewith, the remaining assets shall belong to the State.

 

Section 108.- Any person may, on application on the Registrar, inspect the documents relating to an association kept by the Registrar or request for certified copies of the said documents to be delivered to him by the Registrar, and the Registrar shall comply therewith after payment of such fee as may be prescribed by the Ministerial Regulations has been made.

 

Section 109.- The Minister of Interior shall take charge and control of the execution of the provisions of this Part and have the power to appoint the Registrar and to issue Ministerial Regulations on :

(1)    The application for registration and the acceptance of registration ;

(2)   Fees for the registration, the inspection of documents and the copying of documents as well as the fee for any activities concerning the foundation to be performed by the Registrar, including the exemption of the said fees ;

(3)    The conduct of business of the association and its register ;

(4)    Any other matters for caring out the provisions of this Title.

Such Ministerial Regulations shall become effective upon their publication in the Government Gazette.

 

PART III

FOUNDATION

 

Section 110.- A foundation consists of property specially appropriated to public charity, religious affairs, art, scientific, literary, education or other purposes for the public benefit and not for sharing profit, and has been registered under the provisions of this Code.

The property of a foundation must be managed for implementing the objects of that foundation, and not for seeking interest for any person.

 

Section 111.- A foundation must have its regulations and must have a Committee, consisting of at least three persons, to conduct businesses of the foundation according to the law and the regulations of the foundation.