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Joint-stock company

This term refers to the law of the country selected below.

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What is a joint-stock company?

A joint-stock company is a capital company whose share capital amounts to at least PLN 100,000 and is divided into shares with a nominal value of not less than PLN 0.01 each. A joint-stock company is formed upon registration in the National Court Register (KRS). Upon registration, it acquires legal personality and succeeds to the rights and obligations of the joint-stock company in organisation.The company itself is liable for its obligations with all of its assets, while shareholders, as a rule, are not personally liable for the company’s obligations.Its corporate bodies are the management board, the supervisory board and the general meeting of shareholders.

Legal basis: Article 301 et seq. KSH, in particular Articles 306, 308, 323, 368, 381 and 393.

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