In the application of articles with respect to merger, division and conversion the following concepts apply:
- "Company” refers to commercial companies,
- "Partner” refers to the shareholders of joint stock companies, to the partners of personal companies, cooperatives and LLCs,
- "Partnership share” refers to the partnership share in personal companies, the share in joint stock companies, the capital share in partnerships with limited liability, the partnership shares in partnerships limited by shares,
- "General assembly” refers to the general assembly in joint stock companies, partnerships with limited liability and partnerships limited by shares and in cooperatives, the partners meeting in personal companies and all partners where required,
- "Management body” refers to the board of directors in joint stock companies and cooperatives, the manager or managers in partnerships with limited liability, the managing director in personal companies and partnerships limited by shares,
- "Company agreement” refers to the articles of association in all capital companies.
In the determination of the company size, the articles 1522 and 1523 of the new TCC are applied.
