Discontinuance and effect

Every foundation departing from Belize must file a certificate of departure containing the prescribed information in the prescribed form with the Registrar. (2) A foundation which– (a) has filed a certificate of departure under sub- section (1); and International Foundations [CAP. 24:02 71 (b) has been continued under the law of a foreign may apply to the Registrar for a certificate of discontinuance. (3) An application under sub-section (2) shall be accompanied by evidence, acceptable to the Registrar, that the foundation has been continued under the laws of a foreign (4) If the Registrar is satisfied that– (a) all fees payable under this Act or regulations made thereunder have been paid; (b) all returns and notices required to be filed under this Act or regulations made under this Act have been filed; and (c) the requirements of this section have been complied with; the Registrar shall issue to the foundation a certificate of discontinuance in the prescribed form and strike it off the (5) The Registrar shall publish a notice of the discontinuance and striking off in the Gazette. (6) Subject to section 89(2), from the date of the certificate of discontinuance, the foundation ceases to be a foundation domiciled in Belize. 72