Theoretical and practical issues referring to the bringing into a limited liability company of real estates affected by the existence of a right of pre-emption Cover Image
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Probleme teoretice și practice referitoare la aportarea într-o societate cu răspundere limitată de imobile afectate de existența unui drept de preempțiune
Theoretical and practical issues referring to the bringing into a limited liability company of real estates affected by the existence of a right of pre-emption

Author(s): Vasile Luha
Subject(s): Commercial Law
Published by: Uniunea Juriștilor din România
Keywords: social contribution; limited liability company; legal pre-emption right; conventional pre-emption right;

Summary/Abstract: The study examines the possibility of bringing into a limited liability company as a social contribution a good subject to a conventional right of pre-emption. The right of pre-emption is linked – by its nature, as well as by the regulation of the Civil Code – to the contract of sale and gives a preference – at an equal price – to a certain buyer, designated by law or by contract. Failure to comply with the pre-emption cancels the contract made with the third party and the pre-emptor becomes the acquirer if he makes the price available to the seller. The bona fide third party is guaranteed for eviction by the seller. The contribution in a limited liability company does not make a sale although it produces a transfer of ownership from the contributing partner to the company, because the partner does not receive a price but a participation in the company where the contribution is made. Therefore, the contribution of a good affected by a right of pre-emption cannot be refused to the receiving company by the Trade Register Office, on the ground that against it (the company) – acquiring third party – a preference for acquisition can be invoked by the conventional pre-emptor; this, even when the right of pre-emption is accepted against an offer of alienation.

  • Issue Year: 2021
  • Issue No: 10
  • Page Range: 9-30
  • Page Count: 22
  • Language: Romanian
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