Volume 109, Issue 42
Royal Gazette
8 April 2535
other law, subject to the scope of the powers and duties or purposes prescribed or designated in the law, articles of incorporation, or constituent instrument.
Section67.Subject to section 66, a juristic person has the rights and duties as a natural person, save the rights and duties which, by nature, can only happen or belong to a natural person.
Section68.The domicile of a juristic person is the place where it is headquartered, or where its office is, or which is chosen as a special domicile according to the articles of incorporation or constituent instrument.
Section69.In the event that a juristic person has its offices located in various places or has branch offices, the places where the offices or branch offices are located shall also be deemed to be the special domiciles for the affairs carried out thereat.
Section70.A juristic person must have one or several representatives as may be designated by the law, articles of incorporation, or constituent instrument.
The desires of a juristic person are expressed through the representatives of the juristic person.
Section71.In the event that a juristic person has several representatives, the operation of its affairs shall adhere to the majority of those representatives, save where it is otherwise designated in the law, articles of incorporation, or constituent instrument.
Section72.Change of a representative of a juristic person, or restriction or modification of the powers of a representative of a juristic person, shall be operative only when it conforms to the law, articles of incorporation, or constituent instrument, but this shall not be raised as a defence against a third person who acts in good faith.
Section73.If there is a vacancy amongst the representatives of a juristic person and there is a proper cause to believe that allowing such vacancy to continue would bring about damage, the court may appoint an interim representative upon a request by an interested person or public prosecutor.
Section74.If the interest of a juristic person conflicts with the interest of a representative of the juristic person in any matter, that representative of the juristic person cannot serve as a representative in such matter.
Section75.If the event under section 74 causes all the representatives of the juristic person to be unavailable or causes the number of the available representatives of the juristic person to be insufficient to constitute a quorum or to do the act in question, the stipulations of section 73 shall be applied mutatis mutandis in order that a special representative be appointed, save where it is otherwise designated by the law, articles of incorporation, or constituent instrument of the juristic person.
Section76.If the execution of a duty by a representative or procurator of a juristic person damages another person, the juristic person must be liable to compensate
