stofnunarreglur
Stofnunarreglur are the founding rules or articles of association by which a legal entity, such as a foundation or a non-profit association, is established and governed under Icelandic law. They define the entity’s name, legal form, registered office, and purpose or object, along with the scope of its activities. They may specify the duration of the entity, if applicable, and lay out key governance and operational principles.
Typical contents of stofnunarreglur include membership rules, the rights and duties of members, and the governance
In Icelandic practice, stofnunarreglur are binding on the entity and its members and must comply with applicable
Stofnunarreglur are most commonly used for non-profit associations and foundations, though the term can apply to