Abstract |
The subject of the present article is limited only to a general
description of the conversion in narrow sense and of the elements
of its composition. The conversion in narrow sense is a process of
transformation of a commercial company's legal framework from one
legal organizational form into another. The active company remaines
preserved. By means of universal legal succession it passes towards
the newly constituted company, together with incorporation of the
membership of the terminated without liquidation company. The legal
composition of conversion includes a conversion plan /Art.264а of
the Commercial Code/, anouncement of that plan and securing access
to authentic and up-dated information at the disposal of the
shareholders /Art.264б of the Commercial Code/, examination report
about the conversion, made by a registered oditor /Art.264в of the
Commercial Code/, conversion decision /Art.264г of the Commercial
Code/ and registration /Art.264ж/. Neighter conversion plan, nor
access to information are required, if what is altered is the legal
form of a sole corporation /Art.264н, sub.1 of the Commercial
Code/.
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References |
1. Vassilev, L., 'Legal Nature and Elements of Merger',
Juridical Archive, year VІІІ, book 4-5
2. Goleva P., 'Commercial Law', book І, Sofia., 2001;
3. Katzarsky, Al. Sub., 'The Company Law Amendments Enforceable
Since January 1st2004 г.', Commercial Law, book 5, 2003;
4. Кlechkov, G., 'Conversion of Companies', Sofia,1929;
5. Marinov, К., 'Conversion of Companies. Infusion and Merger',
Juridical Booklet of 'Market and Law' Magazine, September
2003;
6. Stephanov, G., 'Conversion of Companies', Veliko Turnovo,
1993;
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