From American Banker (subscription required) By VICTORIA FINKLE July 3, 2014 Last year's push by some...
Decree Law No.5/2005 Non-profit-making Corporate Bodies
(enacted in 2005)
The government issued the Law to regulate Non-profit-making, to ensure the transparency in the management of the funds.
The law regulates on varied types of organizations of non-profit-making Corporate Bodies
Content mainly contains Registration, Obligations, Functions, Management.
The Law is organized as follows:
Chapter I General Provisions
Chapter II Associations
Chapter III Foundations
Chapter IV Foreign Corporate Bodies
Chapter V Irregular Associations and ad hoc Committees
Chapter VI Transitional and Final Provisions