Foundations

Tbe article deals with the position of foundations in the Czech legal system after the possibility of establishing foundations was reintroduced thereto in 1990. The basic theoretic features of the purpose associations - foundations are given, as well as their several types known to the effective Czech legislation. The author emphasi­zes the differences among the purposes for which the foudations are established (e.g. mutual investment purposes/general welfare purposes). Apart from that, his atten­tion is focused on the topical issue of the business activity of foundations, to which the author is opposed, although the Czech leagal system does not prohibit them to do so. Also the preparations for the special Foundation Act are mentioned. The Act should, among else, alter the currently effective Civil Code general provisions on foundations.