DRAFT LAW REGARDING THE MODIFICATION AND THE AMENDMENT OF THE GOVERNMENT ORDINANCE NO. 26/2000 WITH RESPECT TO ASSOCIATIONS AND FOUNDATIONS

The novelties proposed by the Draft Law regarding the modification and the amendment of the Government Ordinance no. 26/2000 with respect to associations and foundations are the following:

  • The Association shall be constituted of 3 or more persons who, under an agreement, shall put together without the right of refund material contributions, their knowledge or contribution in work for the achievement of some activities of general or community interest or for their non-patrimonial personal interest.
    The association from the agricultural field for which constitution are necessary minimum 20 persons is exempted.
  • In the case of foundations whose exclusive purpose, under the penalty of dissolution through Court, is the operation of fundraising which shall be available to other associations or foundations, in order to perform programs by the last mentioned, the initial assets capital may have a value of at least 20 times the gross salary per economy.
  • The federation from the agricultural field can be constituted of minimum 10 Associations.


Issuer: the Parliament of Romania