Article 50.1. A Decision on Founding a Legal Person

1. A legal person may be founded under a decision of a founder (founders) on founding a legal person.

2. If the legal person is founded by one person a decision on founding it shall be taken by the founder alone.

If the legal person is founded by two or more founders said decision shall be taken by all the founders unanimously.

3. The decision on founding the legal person shall comprise information on the foundation of the legal person, the confirmation of this charter, on the procedure, amount, methods of, and the term for, the formation of the legal person's property, and on the election (appointment) of bodies of the legal person.

Also a decision on founding a corporate legal person (Article 65.1) shall comprise information on the results of voting by the founders on issues of foundation of the legal person, on the procedure for the founders' joint activities whereby the legal person is formed.

Also the other information envisaged by a law shall be included in the decision on founding the legal person.