“Cancellation” of a company share in a limited liability company Cover Image
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Кадуциране на дружествен дял в ООД
“Cancellation” of a company share in a limited liability company

Author(s): Margarita Balabanova
Subject(s): Law, Constitution, Jurisprudence, Civil Law
Published by: Институт за държавата и правото - Българска академия на науките
Keywords: Cancellation; limited liability company; company share; shareholder; expulsion, consequences

Summary/Abstract: The purpose of the present article is to enlighten the term “cancellation” of a company share in a limited liability company on the ground of failure by the shareholder to pay its capital contribution. The article focuses on the legal nature, the conditions and legal effect of the cancellation of a company share in the LLC, which the author analyzes taking into account the applicable case law of the Supreme Court of Cassation and the legal theory.