Power of court to give directions

Power of court to give directions. (a) Upon application to the court by a founder, protector or statutory foundation, the court may issue a declaratory judgment regarding the following: (i) The meaning and effect of a provision in the articles of formation or operating agreement of the foundation; (ii) The administration of the property or purpose of the foundation; (iii) foundation; The function of the board of directors of the (iv) Such other matters as determined by the court to be relevant to the statutory foundation and its purpose. (b) If there is no express power to amend the purpose of a statutory foundation in the articles of formation, then a founder or the protector may apply to a court for an order to amend the purpose stated in the articles of formation in accordance with the probable intent of the founder and subject to the following: (i) The purpose stated in the articles of formation has been fulfilled; (ii) The purpose stated in the articles of formation cannot be carried out in accordance with the intent of the founder; (iii) The purpose stated in the articles of formation provides a use for only part of the property of the foundation; (iv) The purpose stated in the articles of formation cannot be completed or no longer exists.