Glossary
Articles of Association
The articles of association regulate the relationship between the shareholders, e.g. management, profit and loss sharing, voting relationships and rules in the event of death, resignation or liquidation. In Germany called “Satzung”, in AT/CH “Statuten"
Articles of Association
Articles of Association are agreements in which shareholders lay down the legal bases when setting up a company. Generally, the Articles of Association govern the relations of the shareholders amongst themselves, such as management and representation, profit and loss participation, majority requirements for major decisions, or rules on death, retirement, liquidation of the company. The Articles of Association of an association are called the Statutes.