Article 123.20-7: Management of the personal fund

1. In the life of the founder of the personal fund, the composition of the organs, their functions and the persons who form part of the organs of that fund shall be determined in accordance with the statute and the conditions for the administration of the personal fund. and a citizen who has established a personal fund in the course of his or her life, the organs of the personal fund shall be formed and modified in accordance with the statute and conditions of the management of the fund, with the persons forming part of the body of the body of the person concerned. or entitled to membership in the organs of the fund, as well as the beneficiaries of the fund, are entitled to request the formation and modification of the organs of the personal fund in accordance with its statute, and The statute of the personal fund and the conditions for the administration of the personal fund may provide for the determination of the members of the personal fund ' s collegiate bodies and of the person who carried out the 2. As a sole member of the executive body of the personal fund, in the event of their departure, including the designation of the persons in question from a particular list. Any natural or legal person appointed in accordance with the regulations of the personal fund may act as a lobbier of the personal fund or as a member of the collegiate body of the personal fund, except The beneficiary of the inheritance fund may not act as the sole executive organ of the inheritance fund or as a member of the co-perpetrator of the estate fund. 3. In the cases provided for in the personal fund statute, a higher collegiate body and a guardianship board shall be established, which may include the beneficiaries. The constitution of the personal fund may also provide for the establishment of a supervisory body for the personal fund, whose powers are to supervise the activities of the body. in agreeing on the commission by the private fund of legally significant acts defined in the statute and (or) in deciding on the early termination of the sole executive the body of the personal fund that has breached its duty to act in good faith or reasonably in the interest of the personal fund and/or its beneficiaries, and to appoint a provisional sole performer 4. The conditions for the administration of the personal fund may provide for the payment and remuneration of a person exercising the authority of a sole executive body. A personal fund, members of the trustee ' s board of the personal fund or members of other personal fund bodies, as well as a person acting as the supervisory body of the personal fund, for the performance of his or her duty 5. The statute of the personal fund may require the consent of the highest collegiate body of the personal fund, the supervisory body of the personal fund or another body of the personal fund for the purpose of the 6. An audit of the personal fund shall be conducted on the basis of the conditions laid down in the management of the personal fund and on the basis of a claim for profit. 7. If, within one year of the establishment of the organs of the inheritance fund or of the organ of the estate, it is necessary to set up the body of the inheritance fund or of the body of the estate, in accordance with article 123.20-6, paragraph 4, of the present Code. These bodies will not be formed (a lack of quorum in the collegiate bodies, a lack of unity) when the founder lives and continues to operate after his death. (i.e., an individual executive body), such funds are to be disposed of at the request of the beneficiaries of such funds or the authorized public authority. the inheritance fund or the personal fund created during the life of the founder and continued to operate after his death, continues to carry out the activities of this inheritance fund. or this personal fund in accordance with the terms and conditions of the management of such funds.