No non-university public-interest foundations filed conversion requests, leading to state takeover

Recent amendments to the constitution and the law governing public-interest foundations caused 18 non-university foundations to lose their legal standing. The Budapest Metropolitan Court confirmed that none of the 18 entities filed a request to re-register in another legal form, even though several had publicly said they wanted to persist. As a result, the foundations' entire assets, rights and liabilities now belong to the state, and designated ministers are exercising the founder powers.

An appointed accounting overseer must complete the asset-settlement and administrative tasks. Approximately 40 companies in which the dissolved foundations held a controlling share are undergoing separate corporate-registry procedures to record the state's ownership. The court warned that, although the state and its accountant are exempt from general corporate filing rules, any companies affected must still submit up-to-date membership lists.