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Legal Personality of Single Member Limited Liability Company

Eugenia-Gabriela Leuciuc
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Eugenia-Gabriela Leuciuc: “Stefan cel Mare” University of Suceava

Romanian Statistical Review Supplement, 2013, vol. 61, issue 4, 58-63

Abstract: The single member limited liability company, invested with legal personality, manifests as a subject of law on the grounds of its own will, independently from the members forming it, assuming its own liabilities which it grants with its patrimony, in view of accomplishing its function of achieving the purpose established by the memorandum of association. Any legal person acquires legal personality if it accomplishes cumulatively the conditions imposed by the law for the incorporation and its valid existence, that is: it has a self-standing organization, its own patrimony, affected to the accomplishment of the purpose for which it was incorporated.

Keywords: legal personality; patrimony; social capital; benefits; selfstanding organization (search for similar items in EconPapers)
Date: 2013
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