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The foundation

Abstract from the foundation bylaws

 

Art. 1    Name, registered office, duration

A foundation in accordance with Art. 80 ff. of the Swiss Civil Code (ZGB) exists under the name "ResOrtho Stiftung (Fondation ResOrtho) (Fondazione ResOrtho) (ResOrtho Foundation)". The Foundation has its registered office in Zurich, Canton of Zurich. The duration of the Foundation is unlimited.

 

Art. 2    Purpose

The purpose of the Foundation is the promotion of orthopaedic surgery and the associated financing of research and training, further training and continued training in Switzerland and abroad. The Foundation may effect all transactions that are appropriate in order to aid or facilitate the achievement of the Foundation's purpose. The Foundation may not, however, pursue any commercial aims.

 

Art. 4    Election of the Board of Trustees

The Board of Trustees consists of two to five members.

The members of the Board of Trustees are appointed by the Board of Trustees. The Board constitutes itself and appoints the Chairperson from amongst its members.

 

Art. 5    Duties of the Board of Trustees

The Board of Trustees is responsible for the management and administration of the Foundation. lt decides how the assets of the Foundation and the proceeds from these will be used.

The Chairperson and other members of the Board of Trustees represent the Foundation externally; the joint signatures of two members will be required to bind the Foundation. 

In principle, the members of the Board of Trustees will work in a voluntary capacity. They will be reimbursed for any expenses they incur. Any additional labour-intensive work that is undertaken will be remunerated appropriately on a case-by-case basis.

 

Art. 10  Dissolution of the Foundation

The Foundation may only be dissolved (by means of a resolution of the Board of Trustees that is passed unanimously) for the reasons provided for by law (Art. 88 ZGB) and with the approval of the supervisory authority. In such a case the assets of the Foundation are to be allocated to an institution with a similar purpose by the Board of Trustees. Any returning of the assets is excluded.


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