(1) A limited liability company as such has independent rights and obligations; it may acquire ownership of and other rights in real property, and may sue and be sued in court.
(2) The company assets alone serve to discharge the company’s obligations vis-à-vis its creditors.
(3) The company is deemed to be a commercial company within the meaning of the Commercial Code.
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§ 12
Company announcements
Footnotes
To Commentary for lawyers
on Section § 13 Juristische Person; Handelsgesellschaft
Relevance for legal relations