Untitled Deck Flashcards
What represents the capital of a company?
The capital of a company is represented by shares.
Who are the owners of a company?
The shareholders (members) are the owners of a company.
Can legal persons own shares in a company?
Yes, any legal person can own shares in a company, including other companies.
How can shares be transferred?
Shares can be transferred easily by sale, gift, or inheritance without seeking approval from other owners.
What rights are transferred when shares are transferred?
The rights associated with the shares, such as the right to receive dividends and the right to attend and vote at general meetings, are transferred to the new owner.
What is perpetual succession?
Perpetual succession means that the change in ownership or the death or bankruptcy of owners does not affect the existence of the company.
