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. |