Colombian Commercial Code - Decree 410 of 1971 - Book II - Of Corporations - Title III - General Partnership - Chapter II - The Name - From Article 303 to Article 309
COLOMBIAN COMMERCIAL CODE
CHAPTER II
The name
Article 303 .-
The name is formed with the full name or surname only one or some of
the partners followed by the words "and company", "brothers", "and
children", or similar, if not include full names or the names of all
partners.
You
can not include the name of a stranger in the name. Who will tolerate,
will be responsible for persons who have contracted with the society.
Article 304 .- The death of a member whose name or last name integrates not prevent the company
continue
to use it as you continue with the heirs or when they, being capable,
express consent. In such cases add the word "successors."
Article 305 .-
When the name is formed with the full name or surname of a partner, and
he cede its entire stake in society, can continue using the same name
with the word "successors."
Article 306 .-
The reason or firm name may be used only by persons authorized to
represent the company. This, in turn, are only bound by the operations,
in addition to being objects, are authorized to reason or corporate
signature.
Article 307 .-
Notwithstanding the requirements of the preceding article, the company
liable for unauthorized transactions with your firm name in the
following cases:
1.
When they are executed or held by the representatives of society,
corresponding to the ordinary course of company business, and the tenor
of the title or the circumstances of the act and appear in a clear
incurred by your account and your interest, or has resulting benefit;
2. When ratified, expressly or impliedly by society, and
3. When the third test of good faith that the company has voluntarily complied with other obligations in like manner.
Article 308 .-
The acts carried out by administrators under the name, we were not
statutorily authorized or were limited by law or by statute, but they
acknowledge their personal responsibility. They must also indemnify the
company for damages that cause and, if it's partners may be excluded.
Article 309 .-
The name did not become part of the commercial establishments of the
society, in the event of disposal of these may be transferred by
agreement of the partners whose names or names appearing in it, who will
continue to respond to third parties.
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