SCPA: Difference between revisions
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A [[société en commandite par actions]] has two different types of participants: | A [[société en commandite par actions]] has two different types of participants: | ||
:(i) the [[associé commandité gérant]] (the "[[general partner]]") who is, by operation of law, [[jointly and severally liable]] for any obligations of the partnership and is | :(i) the [[associé commandité gérant]] (the "[[general partner]]") who is, by operation of law, [[jointly and severally liable]] for any obligations of the partnership and is responsible for the management of the partnership. | ||
responsible for the management of the partnership. | |||
:(ii) the limited shareholders ([[associés commanditaire]]s) whose liability is limited to the amount of their investment. There may be an unlimited number of limited [[shareholder]]s. | :(ii) the limited shareholders ([[associés commanditaire]]s) whose liability is limited to the amount of their investment. There may be an unlimited number of limited [[shareholder]]s. | ||
Revision as of 15:37, 8 February 2016
a société en commandite par actions is a partnership limited by shares under the laws of the Grand Duchy of Luxembourg.
A société en commandite par actions has two different types of participants:
- (i) the associé commandité gérant (the "general partner") who is, by operation of law, jointly and severally liable for any obligations of the partnership and is responsible for the management of the partnership.
- (ii) the limited shareholders (associés commanditaires) whose liability is limited to the amount of their investment. There may be an unlimited number of limited shareholders.