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Article 358.15: The rights of participants in legal persons

📅 Updated: 30.09.2026

1. The rights of the shareholder are secured by the bond of the shareholders ' shares of the company, and the rights of a member of the limited liability society by the pledge of the owner ' s shares. In accordance with the rules laid down by these Codes of Economic Societies, the rights of participants (founders) of other legal entities are not subject to a pledge. 2. If the shares are secured, the rights certified by them shall be exercised by the pledgeor (equityholder), unless otherwise provided in the contract for the bond of shares (art. 358.17). The pledge of a share in the statutory capital of a limited liability society until the pledge of a member of the community is terminated is exercised by the pledge holder.