Читать книгу Russian business law: the essentials - - Страница 24

Evgeny Arkhipov[24]
Chapter 2 – Business Association Forms
3. General Provisions on Legal Entities
3.3. Corporations and Unitary legal entities

Оглавление

The CC of the RF allocates 13 types of corporations and 8 types of unitary organizations.[30]

A corporation consists of members. Members of any corporation form the highest body of the management of the corporation, and due to this, have certain rights and duties in relation to the legal entity.

Basic rights of members are (Article 65.2 of the CC of the RF):

i) the right to manage a corporation;

ii) the right to receive information on the corporation’s activities. The principal duties of members are:

i) participation in the formation of the corporation’s property,

ii) participation in the adoption of decisions required for the company to continue its existence.

The following rights are also attributed to profit corporations’ members:

i) the right to receive income from the activities of the corporation,

ii) the right to receive a part of the property that is remaining after the liquidation of organization.

Other rights and duties of corporations’ participants are established in special laws (Federal Law on Limited Liability Companies, FL on Joint Stock Companies, FL on Non-Profit Organizations, and others).

The participants of a corporation are named members, shareholders or just participants depending on a specific type.

Unitary legal entities have no members.

30

As mentioned above, the CC of the RF does not contain any indication to which type of enterprises the advocates formations being legal entities, shall be referred to.

Russian business law: the essentials

Подняться наверх