of December 6, 2001 No. 308-II
About economic partnerships
The purpose of this Law is regulation of the relations in the field of creation, activities, reorganization and liquidation of economic partnerships.
The legislation on economic partnerships consists of this Law and other acts of the legislation.
Economic partnership the commercial organization with the authorized fund (authorized capital) divided into shares (deposits) of founders (participants) in which founders (participants) or some of them take personal part in conducting business activity on behalf of such partnership is recognized.
The economic partnership is created in the form of complete partnership or partnership in commendam.
The economic partnership is created sine die if other is not established by its foundation agreement.
The economic partnership has the isolated property considered on its separate balance in property can acquire on its own behalf the rights, perform duties, to be claimant and the defendant in court.
The economic partnership can perform the any kinds of activities which are not prohibited by the legislation.
The economic partnership can be engaged in separate types of activity which list is determined by legal acts only based on the license.
The economic partnership according to the procedure, established by the legislation, can be the founder (participant) of other legal entities, create representations and branches.
The economic partnership is considered created as the legal entity from the moment of its state registration according to the procedure, established by the legislation.
The economic partnership has the right to have the round stamp containing its full trade name in state language and specifying of the location of economic partnership. The seal of economic partnership may contain also its trade name in other languages at the choice of economic partnership.
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Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info
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