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Article 89: Establishment of a limited liability society and its statute

📅 Updated: 30.09.2026

1. The founders of a limited liability society shall enter into a contract among themselves for the establishment of a limited liability society, which shall govern their joint action. By establishing society, the amount of the statutory capital of the society, the amount of their share in the statutory capital of the society and other conditions established by the Law on Limited Societies. 2. The founders of a limited liability society shall be jointly and severally liable for their obligations, The Society with Limited Liability is responsible for the obligations of the founders of the society related to its establishment. It is only when the actions of the founders of society are subsequently approved by the general assembly of the members of society that society is responsible for these obligations of the founders of society. 3. The founding document of a limited liability society is its charter. must contain information on the company ' s name and location, the amount of its statutory capital (except as provided for in article 52, paragraph 2, of the present Code), the powers and powers of its organs, the manner in which they take decisions (including decisions on matters taken unanimously or by special vote) and other information provided for by law 4. The procedure for other actions to establish a limited liability society shall be determined by the Law on Societies with Limited Responsibilities. I don’t know if it’s real.