Representation of the commercial company and legal acts concluded by administrators Cover Image
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Reprezentarea societății comerciale și actele juridice încheiate de administratori
Representation of the commercial company and legal acts concluded by administrators

Author(s): Viorel Găină, Alexandru Mihnea Găină
Subject(s): Law, Constitution, Jurisprudence
Published by: Uniunea Juriștilor din România
Keywords: commercial company; administrator/manager; representation; the powers of the administrators; concluding of acts.

Summary/Abstract: The legal report between the commercial company and the administrator is a report of mandate. The administrator mandate can be with representation or without representation and has contractual content and also legal one. The powers of the administrator of the company include two elements: the power to fulfil management abilities; the power to represent if it was expressly granted. The power to represent is distinct from the power of administration and exists only if it has been conferred. The representation of the company by the administrator is exercised differently depending on the type of company. For concluding the dispositions, the company’s administrator does not need a special power of attorney in the authentic form for this purpose. When the acts concluded by the representatives of the company are done with the overcoming of its object, they are the duty of the company except in the cases when the third parties knew or should have known the overcoming of the object or when the acts of the same are concluded by exceeding the limits of the powers of the respective bodies.

  • Issue Year: 2017
  • Issue No: 10
  • Page Range: 21-26
  • Page Count: 6
  • Language: Romanian