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The legal status for the corporations' founders at both stages, before and after, of incorporation. " Comparative study " | ||
| Journal of Juridical and Political Science | ||
| Article 1, Volume 4, Issue 2, 2015, Pages 327-369 | ||
| Author | ||
| Assistant Lecturer. Fadia Mohammed Ismail | ||
| Abstract | ||
| The legal status for the dealings of the corporations' founders at both stages, before and after, of incorporation. This status represents the bases adopted by those founders, in making their dealings before incorporation. Depending on their personal names or, by conditional stipulation, for others' interest. Or on the basis of a pledge on behalf of another i.e. by proxy or that those dealings be based on the suspense condition which is the establishment of the company or revoked condition which is not establishing this company. Law shall be the company's commitment for founders' dealings , in both stages. Others shall not object to contracting with the company, during the early stages of incorporation, claiming invalidity of the company for any reason, especially if the other, third party, was acting in good faith. At the second stage, after incorporation, represented by the issuance of the company's incorporation certificate This certificate gives the company a legal personality and makes it eligible for exercising its business, acquiring rights and assuming obligations. | ||
| Keywords | ||
| legal status; Company | ||
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