Features of the Shares of General Partnership as an Object of Cash Execution Cover Image
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Особености на събирателното дружество и неговите дялове като обект на изпълнение на парични средства
Features of the Shares of General Partnership as an Object of Cash Execution

Author(s): Dessislava Kuzmanova
Subject(s): Law, Constitution, Jurisprudence, Civil Law, EU-Legislation, Court case
Published by: Пловдивски университет »Паисий Хилендарски«
Keywords: enforcement; debtor; creditor; claim; debt; share; membership; property; General Partnership

Summary/Abstract: From forced execution perspective objects of enforcement are a debtor's proprietary rights on property, sums of money which may be attached, seized, inventoried, collected and sold, and the choice of an enforcement method by a creditor specifies the object of enforcement. In the case of General Partnership, there are no shares, their acquisition by a legal transaction is not permissible, and when membership of a General Partnership is terminated, the company itself is usually terminated. The nature of the company doesn’t allow the existence of a share, but of a shareholding. Indeed, the members pay certain contributions when a company is established, the contributions do not constitute the company's capital but its assets. Based on these contributions, the company operates its business and distributes its profits. In this respect, as part of the assets the contributions can be considered as company’s shares or as an interest.

  • Issue Year: 2022
  • Issue No: 1
  • Page Range: 61-68
  • Page Count: 8
  • Language: Bulgarian