Prokura eintragen zu lassen, über die in der Vollmacht erteilten Berechtigungen

English translation: "full" power of attorney

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
German term or phrase:Prokura
English translation:"full" power of attorney
Entered by: silfilla

18:14 Apr 11, 2005
German to English translations [PRO]
Law/Patents - Law (general) / GmbH
German term or phrase: Prokura eintragen zu lassen, über die in der Vollmacht erteilten Berechtigungen
"Liebe AAA,
beigefügt findest Du die gewünschte Information unseres Rechtsanwalts, Herrn RA, übersetzt in Englisch. Herr RA sagte mir heute, dass es sinnvoll sei, für mich eine Prokura eintragen zu lassen, über die in der Vollmacht durch XXX erteilten Berechtigungen. Diese habe ich auch noch einmal beigefügt, damit Du siehst was notwendig ist, um hier handlungsfähig zu sein. Ein Geschäftsführer muss trotzdem formell bestellt werden.
MfG"

Again I have a question on how to understand the excerpt I asked as a question (not the entire letter). The "Vollmacht" mentioned by the author contains different "Befügnisse," such as concluding contracts, representing the company legally and generally etc.

Am I correct in assuming that the "Prokura" is supposed to contain the same things that the "Vollmacht" does?

Thanks again for your help! :-)
Derek Gill Franßen
Germany
Local time: 00:28
"full" power of attorney
Explanation:
"Prokura" is a (fairly) comprehensive power of attorney granted under HGB that must be registered with the "Handelsregister." Except for the power to sell or pledge real property, it usually is unlimited externally (except when the company has branches etc.) but may be limited internally (i.e. vis-a-vis the person granting it); among other things, it confers the power to represent the company in all kinds of transactions alone or together with another person. I usually translate it as "comprehensive power of attorney [Prokura]."
And, yes, the comma distorts the meaning; it doesn't belong there. The "Prokura" officially allows the "Prokurist" to execute legal/general/financial and other transactions pursuant to the "Vollmacht" granted to her/him. Hope that helps.
Selected response from:

silfilla
Local time: 18:28
Grading comment
Thank you for confirming my assumption Silfilla. :-)
4 KudoZ points were awarded for this answer



Summary of answers provided
4"full" power of attorney
silfilla


Discussion entries: 4





  

Answers


20 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5
"full" power of attorney


Explanation:
"Prokura" is a (fairly) comprehensive power of attorney granted under HGB that must be registered with the "Handelsregister." Except for the power to sell or pledge real property, it usually is unlimited externally (except when the company has branches etc.) but may be limited internally (i.e. vis-a-vis the person granting it); among other things, it confers the power to represent the company in all kinds of transactions alone or together with another person. I usually translate it as "comprehensive power of attorney [Prokura]."
And, yes, the comma distorts the meaning; it doesn't belong there. The "Prokura" officially allows the "Prokurist" to execute legal/general/financial and other transactions pursuant to the "Vollmacht" granted to her/him. Hope that helps.


silfilla
Local time: 18:28
Specializes in field
PRO pts in category: 256
Grading comment
Thank you for confirming my assumption Silfilla. :-)
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.

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:

Your current localization setting

English

Select a language

Term search
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search