17-30-1002. 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) The function of the board of directors of the foundation;
(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 of the foundation, then a founder or the protector may apply to a court for an order to amend the purpose stated in the articles in accordance with the probable intent of the founder, based on one (1) of the following grounds:
(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.
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