vermögensfähig
English translation: capable of owning property
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| 23:27 Jun 8, 2011 |
| German to English translations [PRO] Bus/Financial - Finance (general) | |||||
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|  Selected response from: Kim Metzger Mexico Local time: 10:56 | ||||
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| 4 | solvent |
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| 3 | capable of owning property |
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Answers
38 mins confidence: 
capable of owning property Explanation: Die Rechtsfähigkeit der juristischen Person kann sich selbstredend nur auf dem Gebiete des Vermögensrechts, nicht auf dem eine wirkliche Person voraussetzenden Familienrecht geltend machen. Sie kann Eigentum, Besitz haben, die Trägerin von Forderungen und Schulden sein, sie ist also vermögensfähig. http://de.academic.ru/dic.nsf/meyers/67259/Juristische The big idea of company law is the separate personality of the company as an artificial person. The separate artificial person is capable of owning property, being a party to contracts, and being a claimant or defendant in legal proceedings. http://www.oup.com/uk/orc/bin/9780199210817/mayson_ch01.pdf An agreement between an employer and a works council (Betriebsrat), providing that in the event of a breach of co-determination rights the employer is required to pay a contractual penalty to the works council, has been held invalid because a works council is, in principle, not capable of owning personal property (vermögensfähig). http://whichlawyer.practicallaw.com/6-107-3460 -------------------------------------------------- Note added at 44 mins (2011-06-09 00:11:20 GMT) -------------------------------------------------- Or maybe: capable of owning property and assets The limited liability company ("LLC") is considered a separate legal entity that is capable of owning property and assets. However, since a LLC is made up of people, usually managers are appointed to act in the interests of the company. If managers are not appointed, any partner is capable of acting on the LLC's behalf, though they may only act in the interests of the company and not for themselves. http://www.legalmatch.com/law-library/article/ownership-and-... |
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4 hrs confidence:
solvent Explanation: valid applicants that are solvent, prospective property owners hope this is helpful |
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