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Corporations
Published online by Cambridge University Press: 21 May 2009
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- Type
- Netherlands Judicial Decisions Involving Questions of Private International Law
- Information
- Copyright
- Copyright © T.M.C. Asser Press 1990
References
1. Art. 69 reads, with respect to public companies, as follows:
'1. The company's directors have to register the company in the Trade Register and have to file an authentic copy of the deed of formation and of other documents attached thereto as prescribed by Articles 93a, 94 and 94a. At the time of registration the directors have to state the total amount of fixed and estimated costs regarding the company's formation and to be paid by the company.
2. Without prejudice to the liability of the company as such, the directors are jointly and severally liable for acts regarding the company's management and to which the company is bound in the period before:
(a) the company has been registered in the Trade Register for the first time and copies of the above-mentioned documents have been filed;
(b) the paid up and subscribed share capital amounts to at least the minimum amount as legally prescribed;
(c) at least one quarter of the subscribed share capital has been paid up after the company's formation'.