Subsection 5: Amendment of the Articles of Association and dissolution

Amendments to the foundation’s articles of association may only be proposed to the supervisory board of the public health institution(s) which took the initiative to create the foundation after two deliberations by the board of directors taken two months apart and by a majority of three quarters of the members present or represented. However, a single deliberation is sufficient when the amendment has been decided unanimously by the members present…

The foundation is dissolved by a decision of the Board of Directors taken under the conditions set out in article R. 6141-65 or in the event of repeal of the decree approving its articles of association or, at the latest, on the date on which the unused portion of the endowment falls below 10% of the initial endowment or, for foundations with an endowment of more than ten million euros,…