Amendments To The Commercial Law Of The

Original Language Title: Grozījumi Komerclikumā

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Read the untranslated law here: https://www.vestnesis.lv/op/2013/119.2

The Saeima has adopted and the President promulgated the following laws: Law commercial law (in the Republic of Latvia Saeima and the Cabinet of Ministers rapporteur, 2000, no. 11; 2001, 3, 9, 15; 2002, 6, no no; 2004, nr. 10; 2005; 2006, nr. 14, 8. no; 2008, no. 12; 2009, no 3; Latvian journal 2010, 68 no; 2011, 99, 107 no; 2012, no 104, 199; 2013, 97. nr.) the following amendments: 1. Express article 191 of the following: ' article 191. Part of the succession (1) in case of death of the participant his part over the legacy of his heirs, if not in the statutes stipulated that part go public. If the Statute provides that the part of the deceased member go public, the company is obliged to pay the heirs or the civil code 416. in the case referred to in article — State compensation for the liquidation quota that receive the deceased participant disclosure at the time of succession. (2) parts, with no heirs, according to the civil code in article 416 considered bezmantiniek property and agrees with the State. The country is not to vote, and by laying down rules on representation, this part is not taken into account. (3) parts obtained the State offered for sale. On behalf of the State sold this part of the sworn bailiff. The order in which the sworn bailiff takes over and sell the parts, which the State acquired the goods, be determined as bezmantiniek by the Cabinet of Ministers. (4) the members of a Society is a pre-emptive right, if not otherwise specified in the statutes. Members of the public use of pre-emption in this law. (5) if the law of not sold, they move the public. " 2. Add to article 192, first paragraph with the following paragraph 12: ' 12) if the part which accept the State as a bezmantiniek property, the law is not sold. " 3. Express article following 238.1:238.1 "article. Inheritance of shares (1) shares, which have no heirs, according to the civil code in article 416 considered bezmantiniek property and agrees with the State. The country is not to vote, determining the rules of representation, these shares are not taken into account. (2) shares offered for sale to the public. The State sold the shares on behalf of the sworn bailiff. The order in which the sworn bailiff takes over and disposes of the shares acquired by the State as determined by the bezmantiniek property, the Cabinet of Ministers. (3) the company's shareholders have a pre-emptive right, if this is provided for in the statutes. The shareholders ' pre-emptive right to try in this law. (4) if the law is not sold in shares, they move the public. " 4. a add to 240 the first part of the article with the following paragraph 11: "11) company acquires its own shares, if the shares, which agrees with the State as a bezmantiniek property, the law is not sold." The law shall enter into force on July 1, 2013. The Parliament adopted the law on 6 June 2013. The President a. Smith in 2013 on June 21.