GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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17:15 Dec 3, 2003 |
French to English translations [PRO] Law/Patents | |||||||
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| Selected response from: William Stein Costa Rica Local time: 00:08 | ||||||
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Summary of answers provided | ||||
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4 +3 | the resulting obligations (liabilities) for the company |
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3 +1 | the resulting commitment for the company |
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the resulting commitment for the company Explanation: = |
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l’engagement qui en résulterait pour la société the resulting obligations (liabilities) for the company Explanation: This is one of those clauses that states that members involved in forming a corporation commit the company to certain obligations even before the company has been formed -------------------------------------------------- Note added at 6 mins (2003-12-03 17:21:58 GMT) -------------------------------------------------- Here\'s a similar passage (though not identical): g) The conversion of a partnership out of the State of Delaware in accordance with this section and the resulting cessation of its existence as a partnership of the State of Delaware pursuant to a certificate of conversion to non-Delaware entity shall not be deemed to affect any obligations or liabilities of the partnership incurred prior to such conversion or the personal liability of any person incurred prior to such conversion, nor shall it be deemed to affect the choice of law applicable to the partnership with respect to matters arising prior to such conversion.\". |
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