Scope of Article 1931 of the Civil Code concerning the tacit extension of the company contract Cover Image
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Sfera de aplicare a art. 1931 din Codul civil privitor la prelungirea tacită a contractului de societate
Scope of Article 1931 of the Civil Code concerning the tacit extension of the company contract

Author(s): Emilian Lipcanu
Subject(s): Law, Constitution, Jurisprudence
Published by: Uniunea Juriștilor din România
Keywords: company; company contract; tacit extension; simple companies; stock company; company limited by shares.

Summary/Abstract: The author of the study critically refers to the contradictory opinions expressed in the doctrine with regard to the scope of companies covered by Article 1931 of the new Civil Code, a text which regulates the tacit extension of the duration of the company contract. Noting that, according to an opinion, the text is applicable not only to the simple company, but also to all companies with legal personality regulated by the Law No 31/1990 on companies, and, according to another opinion, it is applicable only to the simple company, the author advocates and argues his own opinion. According to the author’s opinion, the tacit extension of the duration of the company may occur in case of simple company (without legal personality), regulated by the new Civil Code, but also in cases of stock company and company limited by shares (companies with legal personality), regulated by the Law No 31/1990 (a special law in relation to the new Civil Code). On the contrary, the author considers that the text of Article 1931 of the new Civil Code is incompatible with the legal regime of the general partnership, of the company limited by shares and of the limited liability company (companies with legal personality regulated by the same special law), because, otherwise, the legal rule by which it is recognized to the personal creditors of the associates in these companies the right to opposition to the extension of the duration of the legal person would be eluded.

  • Issue Year: 2014
  • Issue No: 05
  • Page Range: 54-60
  • Page Count: 7
  • Language: Romanian