Legal basis

Foundations can achieve legal capacity by law (Administration  - §§ 46 ff State Administration Law of Schleswig-Holstein) or approval (§ 80 Civil Code, law on foundations of the state of Schleswig-Holstein).

The foundations are in principle independent legal entities which are bearers of rights and duties, just like natural persons; they act in legal transactions in their own name.

Foundations are set up during the lives of or also by testation of natural persons or by legal entities, private or public.