{"id":43927,"date":"2023-02-20T15:45:20","date_gmt":"2023-02-20T13:45:20","guid":{"rendered":"https:\/\/www.e2.law\/?post_type=legalconcepts&#038;p=43927"},"modified":"2023-08-18T11:41:25","modified_gmt":"2023-08-18T09:41:25","slug":"lex-societatis","status":"publish","type":"legalconcepts","link":"https:\/\/www.e2.law\/en\/legalconcepts\/lex-societatis\/","title":{"rendered":"Lex societatis"},"content":{"rendered":"<p>The <strong><em>lex societatis<\/em><\/strong> refers to the law applicable to a legal person. Depending on the concept, this may be either:<\/p>\n<ul>\n<li>the law of the state in which the legal person has its statutory seat &#8211; <strong>statutory seat theory <\/strong>; or<\/li>\n<li>the law of the state in which the legal person has its real seat &#8211; <strong>the theory of the real seat<\/strong>.<\/li>\n<\/ul>\n<p>Belgium has opted for the first option and considers that the law applicable to a legal person is that of the state in which its statutory seat is located [1].<\/p>\n<p>The <em>lex societatis<\/em> governs:<\/p>\n<p>1\u00b0 the existence and legal nature of the legal person;<br \/>\n2\u00b0 the name or business name;<br \/>\n3\u00b0 the constitution, dissolution and liquidation;<br \/>\n4\u00b0 the capacity of the legal person;<br \/>\n5\u00b0 the composition, powers and functioning of its organs<br \/>\n6\u00b0 the internal relations between partners or members as well as the relations between the corporate body and the partners or members;<br \/>\n7\u00b0 the acquisition and loss of the status of associate or member;<br \/>\n8\u00b0 the rights and obligations attached to the shares and their exercise<br \/>\n9\u00b0 liability for breach of the law of legal persons or the articles of association;<br \/>\n10\u00b0 the extent to which the legal person is liable to third parties for debts incurred by its organs [2].<\/p>\n<p>__________<\/p>\n<p>[1] <a href=\"https:\/\/www.ejustice.just.fgov.be\/cgi_loi\/loi_a1.pl?language=fr&amp;la=F&amp;cn=2004071631&amp;table_name=loi&amp;&amp;caller=list&amp;F&amp;fromtab=loi&amp;tri=dd+AS+RANK&amp;rech=1&amp;numero=1&amp;sql=(text+contains+(%27%27))#Art.110\">Article 110, CODIP<\/a><\/p>\n<p>[2] <a href=\"https:\/\/www.ejustice.just.fgov.be\/cgi_loi\/loi_a1.pl?language=fr&amp;la=F&amp;cn=2004071631&amp;table_name=loi&amp;&amp;caller=list&amp;F&amp;fromtab=loi&amp;tri=dd+AS+RANK&amp;rech=1&amp;numero=1&amp;sql=(text+contains+(%27%27))#Art.111\">Article 111, CODIP<\/a><\/p>\n","protected":false},"featured_media":43853,"template":"","categories":[1],"tags":[1427,1487,1426],"class_list":["post-43927","legalconcepts","type-legalconcepts","status-publish","has-post-thumbnail","hentry","category-uncategorized","tag-companies","tag-extraneity","tag-law"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Lex societatis - e2.law<\/title>\n<meta name=\"description\" content=\"The lex societatis refers to the law applicable to a legal person. 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