POWER OF ATTORNEY IN THE LIGHT OF THE LAW ON BUSINESS COMPANIES

Authors

  • Mirjana Knežević Faculty of Economy, The University of Kragujevac

Abstract

In this paper we deal with the issues related to legislative solutions for a legal institute of power of attorney. The novelties introduced into the Law on Business Companies of 2011 are compared to the former law, as related to the expansion of the power of attorney. An authorized person may not, unless explicitly authorized otherwise, represent a company and undertake legal actions as related to acquisition, disposal, or mortgage of real estate, shares and equities belonging to the company, by taking over bills, undertaking guarantee obligations and taking out loans. He cannot represent the company at court or in arbitrage procedures too.

References

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Published

2013-06-30

How to Cite

Knežević, M. (2013). POWER OF ATTORNEY IN THE LIGHT OF THE LAW ON BUSINESS COMPANIES. Pravo - Teorija I Praksa, 30(4-6), 59–68. Retrieved from https://casopis.pravni-fakultet.edu.rs/index.php/ltp/article/view/184

Issue

Vol. 30 No. 4-6 (2013): Pravo - teorija i praksa

Section

Review paper

License

Copyright (c) 2013 University Business Academy in Novi Sad Faculty of Law for Commerce and Judiciary

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.