Representation of a legal person

The statutory body of a legal person acts on behalf of the legal person. The statutory body may be a specific natural person (e.g. the managing director of a company or the director of a semi-budgetary organisation) or it may be a collective statutory body (e.g. the board of directors of a cooperative). The manner and scope in which the statutory body or its members act is determined by law and it may be further detailed by the founder in the founding document (founding charter, memorandum of association, etc.). The statutory body of a legal person is appointed by the founder pursuant to the conditions set out in the founding document and, in cases set out in the law, the appointment of the statutory body or its members must be confirmed by another legal act – e.g. by registration of the statutory body in a public register.

In the case of a legal person that has already been established but has not yet been created, the founders or the bodies or persons authorised to submit an application for the registration of the legal person in the public register act on its behalf. These persons are identified in the memorandum of association.

The statutory body or its members may – in the manner prescribed by law – authorise other persons to act on behalf of the legal person.