Republic of Lithuania Law Amending Article 2.87 of the Civil Code


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republic of lithuania law
amending article 2.87 of the civil code
 
21 November 2017 No XIII-787
Vilnius
 
 
Article 1. Amendment to Article 2.87
Article 2.87(6) shall be amended and set forth to read as follows:
“6. A member of a body of a legal person may enter into a contract with the legal person the member of the body whereof he is. He must without delay notify other bodies of the legal person of such contract in accordance with the procedure laid down by paragraph 5 of this Article or the participants of the legal person where the incorporation documents of the legal person or the laws regulating legal persons of appropriate legal forms do not explicitly specify a different procedure of notification.”
 
I promulgate this Law passed by the Seimas of the Republic of Lithuania.
 
 
 
President of the Republic                                                                                     Dalia Grybauskaitė