Change of the purpose and statute of the trust fund

A trust fund must have a specified purpose in its statute. The purpose of the trust fund may be public welfare related or private, whereas private purposes may include investment to generate profit, which will be divided between the founder and/or other persons specified in the statute.

The law does not preclude the possibility of establishing the manner in which the statute or purpose of the trust fund may be changed in the statute, and it is therefore possible, in our opinion, to change both the statute and purpose of the fund in the manner specified in the statute.