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Dissolution of the Commercial Companies due to the Passing of Time Established as a Duration of the Company – Theoretical and Practical Aspects

Author

Listed:
  • Cornelia LEFTER

    (Bucharest Academy of Economic Studies)

  • Ovidiu Ioan DUMITRU

    (Bucharest Academy of Economic Studies)

Abstract

At the creation moment of a commercial company, the partners have the obligation, according to Law of commercial companies, to establish its functioning duration. This duration can be limited or unlimited. The fulfillment of the time for which the company was established imposes its legal dissolution. This kind of dissolution produces specific effects that, during the time, have made the object of theoretical and practical controversial debates that we try to explain here.

Suggested Citation

  • Cornelia LEFTER & Ovidiu Ioan DUMITRU, 2011. "Dissolution of the Commercial Companies due to the Passing of Time Established as a Duration of the Company – Theoretical and Practical Aspects," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(11(564)), pages 59-66, November.
  • Handle: RePEc:agr:journl:v:11(564):y:2011:i:11(564):p:59-66
    as

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