cauzione

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15:45 May 15, 2018
Italian to English translations [PRO]
Law/Patents - Law: Contract(s) / atto costitutivo notarile
Italian term or phrase: cauzione
"In particolare l'organo Amministrativo ha facoltà:
(omissis)
di nominare direttori, procuratori ed institori, fissando le condizioni e le attribuzioni e, occorrendo, **le cauzioni**; sospenderli e revocarli;"

It seems to be a fairly standard clause, but I'm not quite sure what the "cauzione" refers to here. Anyone have experience with this term in Articles of Association or clearer ideas than me?
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Like 18
Anthony Green
Italy
Local time: 05:43


Summary of answers provided
4 +1restriction/limit
Alison Kennedy


  

Answers


6 mins   confidence: Answerer confidence 4/5Answerer confidence 4/5 peer agreement (net): +1
restriction/limit


Explanation:
In this context, restrictions or limits on powers granted.
Alison

Alison Kennedy
Italy
Local time: 05:43
Specializes in field
Native speaker of: Native in EnglishEnglish
PRO pts in category: 217

Peer comments on this answer (and responses from the answerer)
agree  Daniela Albanese
10 mins

neutral  philgoddard: This fits the context, but I can't find any evidence for it. Doesn't it mean some kind of deposit?
30 mins
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