Aktsioonijaid

Aktsioonijaid are a category of nonprofit organizations found in Estonia. They are considered a type of private-law association. Aktsioonijaid are treated similarly to private companies, with the main difference being that they do not have shareholders. These organizations are viewed as juridical persons, meaning they are separate from their members.

Functions of an aktsioonijaid, similar to private companies, include the ability to sign contracts, hold and transfer property, be engaged in business activities. They also have the power to conduct lawsuits in their own name. In many areas, the rules and regulations governing aktsioonijaid are similar to those for private companies.

The primary purposes of an aktsioonijaid are for charitable and community-based activities. They can address social issues, and contribute to the development and support of certain activities for the benefit of the community. While often philanthropic in nature, business activities are still possible and common for aktsioonijaid.

In terms of governance, aktsioonijaid are managed by a board of directors or management board, which has the authority to make decisions on the organization's operation. They can also delegate tasks to other bodies or individuals within the organization.

Estonian law specifically governs the structure, activities, and management of aktsioonijaid. These regulations are likely to be addressed in the Estonian Non-profit Associations Act.