Members may, in the Articles of Association or in a separate deed, as the case may be, authorize
one or more company executives to enter into commitments on behalf of the company which,
though fully formed, has not yet been entered in the Trade and Personal Property Rights Register.
Registration of the company in the Trade and Personal Property Rights Register shall entail its
adoption of such commitments, provided that they are specifically set out and the terms and
conditions for their application are spelt out in the authorising instrument.
Official translation
Spot-checked
In force from 17 April 1997
Source page 35