This site uses cookies. Some of these cookies are essential to the operation of the site, while others help to improve your experience by providing insights into how the site is being used. For more information, please see the ProZ.com privacy policy.
Cookie settings
  1. KudoZ™ Top
  2. German to English
  3. Law (general)

Gesamtprokura gemeinsam mit ...

English translation: Joint power of procuration

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Gesamtprokura gemeinsam mit ...
English translation:Joint power of procuration
Entered by: Hazel Underwood

13:56 Sep 8, 2004
German to English translations [PRO]
Law/Patents - Law (general)
German term or phrase: Gesamtprokura gemeinsam mit ...
===
Prokura :

Gesamtprokura gemeinsam mit einem persoenlich haftenden Gesellschafter oder einem anderen Prokuristen:
===
Can somebody explain to me what is meant in this phrase ? Many thanks in advance !
Alexander Onishko
Joint power of procuration
Explanation:
Joint power of procuration together with a personally liable partner or other agent.
Selected response from:

Hazel Underwood
United Kingdom
Local time: 09:48
Grading comment
thanks !
4 KudoZ points were awarded for this answer



Summary of answers provided
5 +2Joint power of procuration
Hazel Underwood
5 +1joint or collective power of attorney held together with a
Dr. Fred Thomson
4 +1suggestion
Ingrid Blank
4 +1The previous answers
gangels (X)
3 +1power of procuration
Alison Schwitzgebel
4Joint authority to act /sign together with a general partner or another authoris/zed signatory
KirstyMacC (X)


Discussion entries: 1





  

Answers


11 mins   confidence: Answerer confidence 5/5 peer agreement (net): +2
Joint power of procuration


Explanation:
Joint power of procuration together with a personally liable partner or other agent.

Hazel Underwood
United Kingdom
Local time: 09:48
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 12
Grading comment
thanks !

Peer comments on this answer (and responses from the answerer)
agree  annemarie dewachter: yes, this is the way I would translate it too
39 mins
agree  Eva Scherz: yes, this sounds reasonable and not too complicated
1 hr
Login to enter a peer comment (or grade)

33 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
suggestion


Explanation:
collective power of attorney in conjunction with a personally liable partner or another fully authorized officer (signatory)

--------------------------------------------------
Note added at 2004-09-08 15:51:14 (GMT)
--------------------------------------------------

note to hayatim:
Definition of officer (of a company): leitende Angestellte (einer AG),Verwaltungsorgane, Vorstand (einer AG), dem die laufende Geschäftsführung obliegt, directors, managers, secretaries, president, vice-president, treasurer, secretary

Dietl/Lorenz

Ingrid Blank
PRO pts in category: 171

Peer comments on this answer (and responses from the answerer)
agree  annemarie dewachter: officer as translation of Prokurist? No...
18 mins
Login to enter a peer comment (or grade)

38 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
The previous answers


Explanation:
are probably correct in a technical sense, but nobody would phrase it like that and even most business people wouldn't understand it. In practice (USA) you would say:

Chief executive power in conjunction with a personally liable managing partner or another company officer

gangels (X)
Local time: 02:48
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in category: 249

Peer comments on this answer (and responses from the answerer)
agree  annemarie dewachter: yes, but for a non US audience, chief executive power is something strange..many won't understand
15 mins
neutral  Ingrid Blank: agree with hayatim
1 hr
Login to enter a peer comment (or grade)

8 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +1
power of procuration


Explanation:
Straight from Romain's legal dictionary

--------------------------------------------------
Note added at 12 mins (2004-09-08 14:08:59 GMT)
--------------------------------------------------

Dietl has:

Gesamtprokura: collective Prokura; PRokura conferred on several persons

Prokura: \"prokura\"; full power of attorney; (ungenau) commercial procuration

And also says:

PRkura is the pwoer of attorney granted to the Prokurist under the provisions of the Commercial Code conferring authority to act on behalf of the principal (owner of a commercial firm) in respect of all transactions in and out of court within the scope of the mercantile trade. The prokura has to be entered in the commercial register.

--------------------------------------------------
Note added at 15 mins (2004-09-08 14:12:23 GMT)
--------------------------------------------------

Joint power of attorney together with a personally liable shareholder or another \"Prokurist\" (authorized signatory)

--------------------------------------------------
Note added at 50 mins (2004-09-08 14:47:04 GMT)
--------------------------------------------------

IT means that the person with this \"Gesamtprokura\" can sign on behalf of the company, but only together with a shareholder (or partner - depending on the company\'s legal form) or another \"Prokurist\". This joint signature agreement is designed to act as a kind of safety net.

Alison Schwitzgebel
France
Local time: 10:48
Specializes in field
Native speaker of: Native in EnglishEnglish, Native in GermanGerman
PRO pts in category: 128

Peer comments on this answer (and responses from the answerer)
agree  Tjasa Kuerpick: Die echte Gesamtprokura ist eine zulässige Beschränkung der Prokura in der Weise, daß mehrere Prokuristen nur gemeinschaftlich zu handeln befugt sind (§ 48 II HGB). Die Gesamtprokuristen müssen jedoch nicht gleichzeitig durch einen Gesamtakt handeln.
14 mins
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 5/5 peer agreement (net): +1
joint or collective power of attorney held together with a


Explanation:
personally liable partner (or: shareholder) or another authorized signatory (or: authorized agent, or: holder)


--------------------------------------------------
Note added at 1 hr 26 mins (2004-09-08 15:23:27 GMT)
--------------------------------------------------

I now see that Alison has already suggested almost the same thing. I do believe that you need \"held\" together with.
Also, your context will tell you whether you should use \"partner\" or \"shareholder.\"

Dr. Fred Thomson
United States
Local time: 02:48
Specializes in field
Native speaker of: English
PRO pts in category: 608

Peer comments on this answer (and responses from the answerer)
agree  Laszlo Szabo
2 hrs
  -> Thank you, Laszlo. We are right.
Login to enter a peer comment (or grade)

1 hr   confidence: Answerer confidence 4/5Answerer confidence 4/5
Joint authority to act /sign together with a general partner or another authoris/zed signatory


Explanation:
1. Probably is a limited etc. PARTNERSHIP. If not and the phG is part of a ltd. co., then the gen. partner goes to 'personally liable member'.

2. Pin down the Gesamtprokura (§ 48 II HGB - German Comm. Code) to an authority to act and/or sign.

Has to be trade-regd.: § 53 I HGB. 'Beschränkung der Prokura, wil Gesamtprokuristen nur gemeinschaftlich handeln können'. Authority to act only with s.o. else.

3. General partner = personally liable member. Limited partner has liability limited up to the contribution paid in.

'SEC And CFTC Sign Memorandum Of Understanding Regarding Oversight of Security Futures ... Modernization Act of 2000 gives the SEC and CFTC *joint authority' for the ...'



    Reference: http://www.exchange-handbook.co.uk/news_story.cfm?id=46437
KirstyMacC (X)
Local time: 09:48
Native speaker of: Native in EnglishEnglish
PRO pts in category: 188
Login to enter a peer comment (or grade)



Login or register (free and only takes a few minutes) to participate in this question.

You will also have access to many other tools and opportunities designed for those who have language-related jobs (or are passionate about them). Participation is free and the site has a strict confidentiality policy.

Return to KudoZ list

KudoZ™ translation help

The KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

See also:
ProZ.com term search
Search millions of term translations
Close search
Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search