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Dissolution of the Commercial Companies due to the Passing of Time Established as a Duration of the Company – Theoretical and Practical Aspects

Author

Listed:
  • Cornelia LEFTER

    (Bucharest Academy of Economic Studies)

  • Ovidiu Ioan DUMITRU

    (Bucharest Academy of Economic Studies)

Abstract

At the creation moment of a commercial company, the partners have the obligation, according to Law of commercial companies, to establish its functioning duration. This duration can be limited or unlimited. The fulfillment of the time for which the company was established imposes its legal dissolution. This kind of dissolution produces specific effects that, during the time, have made the object of theoretical and practical controversial debates that we try to explain here.

Suggested Citation

  • Cornelia LEFTER & Ovidiu Ioan DUMITRU, 2011. "Dissolution of the Commercial Companies due to the Passing of Time Established as a Duration of the Company – Theoretical and Practical Aspects," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(11(564)), pages 59-66, November.
    • Handle: RePEc:agr:journl:v:11(564):y:2011:i:11(564):p:59-66
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    Citations

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    Cited by:

    1. Andreea Stoican, 2020. "The right to dividends - Can the associates still obtain them in case of the judicial dissolution of the company?," Technium Social Sciences Journal, Technium Science, vol. 9(1), pages 211-216, July.
    2. Roxana Maria Chirieac, 2020. "The future of cross border mergers in the light of the new European Union provisions. Their implementation in Romania," Juridical Tribune - Review of Comparative and International Law, Bucharest Academy of Economic Studies, vol. 10(2), pages 279-288, June.
    3. Andreea Stoican, 2020. "The Voluntary Dissolution Of A Limited Liability Company - A Way Of Abusing The Law?," Perspectives of Law and Public Administration, Societatea de Stiinte Juridice si Administrative (Society of Juridical and Administrative Sciences), vol. 9(1), pages 65-69, May.
    4. Stoican Andreea, 2020. "Practical Aspects Regarding the Dissolution of a Company by Declaring the Company Null and Void," Proceedings of the International Conference on Business Excellence, Sciendo, vol. 14(1), pages 1211-1216, July.
    5. Charlotte Ene, 2020. "The Cross-Border Conversion €“ A Possible Solution For The Mobility Of Companies In European Union," Perspectives of Law and Public Administration, Societatea de Stiinte Juridice si Administrative (Society of Juridical and Administrative Sciences), vol. 9(1), pages 54-57, May.

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