1. Where the laws of a Member State prescribe that a company may not commence business without authorisation, they shall also make provision for responsibility for liabilities incurred by or on behalf of the company during the period before such authorisation is granted or refused.
2. Paragraph 1 shall not apply to liabilities under contracts concluded by the company conditionally upon its being granted authorisation to commence business.
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Chapter II · Incorporation and nulity of the company and validity of its obligations › Section 1 · Incorporation of the public liability company › Article 5
Authorisation for commencing business
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