TITLE

CONSIDERATIONS ON SIMPLE CONTRACT OF ASSOCIATION, UNDER THE NEW CIVIL CODE

AUTHOR(S)
Camelia, Spasici; Nicoleta, Gheorghe Anca
PUB. DATE
November 2012
SOURCE
International Conference on Economics & Administration Proceedin;Nov2012, p552
SOURCE TYPE
Conference Proceeding
DOC. TYPE
Article
ABSTRACT
Code of 1864 may turn into any of the types of company governed by the new Civil Code and other laws (under the conditions imposed by law). Documents executed under the rule of the previous law remain subject to applicable law on their end. The company contract is governed by the Civil Code, Book V "On duty", Title IX Various special contracts, Chapter VII (art. 1881-1954). The above legislative context, new contract the company has the main characteristic simple lack of legal personality (art. 1892 par. Civil Code). The lack of legal personality and is not the essence of simple company. Thus, if associations want acquire legal personality, "the act amending the company contract shall state expressly its legal form and will agree to its terms with all applicable laws newly established society" (art. 1892 par. 2 Civil Code). Acquisition of legal personality by the company simply has to be without its dissolution. In this case, associations and newly created company will be severally liable for all debts of the company and indivisible born before acquiring legal personality (art. 1892 par. 3 Civil Code). According to art. Civil Code 1893, are treated as single companies, companies subject to the condition of registration under the law, but remain unregistered and companies actually.
ACCESSION #
85278281

 

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