Implementation Regulations Governing Applications for Conversion into a Private School Endowment Corporation Article 11

When the competent authority of the newly formed entity transfers the relevant documentation to the courts as referred to in Article 9, Paragraph 3 and Article 10, Paragraph 4, it shall inform the original competent authority of the previous incorporated private school that it shall be dissolved as a result of the merger. The original competent authority of the original incorporated private school shall inform its board of directors of their dissolution and that they shall, in accordance with the Act apply to the courts for the registration of the dissolution of said incorporated private school.In cases where the competent authority of the newly formed entity and the former competent authority are one in the same, during the time the newly formed authority agrees to the merger, it shall handle both the dissolution of the incorporated private school, as well as apply to the courts for the registration of dissolution of said incorporated private school.