Integrity Legal - Law Firm in Bangkok | Bangkok Lawyer | Legal Services Thailand Back to
Integrity Legal

Legal Services & Resources 

Up to date legal information pertaining to Thai, American, & International Law.

Contact us: +66 2-266 3698

info@integrity-legal.com

Persons Juristic Persons

Page: 9

Section: 69 - 77

Section 69.- In case of a juristic person has several establishments or has its branch office, the place of its establishment or of its branch office may also be considered its domicile as to the acts there performed.

 

Section 70.- A juristic person must have one or several representatives as prescribed by the law, regulations or its constitutive act.

The will of a juristic person is declared through its representatives.

 

Section 71.- In case of a juristic person has several representatives, unless it is otherwise provided by the law, or defined in regulations or constitutive act, decisions as to the affairs of juristic person are made by a majority of the representatives.

 

Section 72.- The change of the representatives of juristic person or of any restriction, or modification of the power of the representative of juristic person shall be effective after having complied with the law, regulations or its constitutive act, but it cannot be set up against third person acting in good faith.

 

Section 73.- If a vacancy occurs among the representatives of juristic person, and there is reason to believe that damage might ensue from delay, the Court may, on the application of any interested person or of the Public Prosecutor, appoint a temporary reprehensive.

 

Section 74.- In a matter in which the interests of juristic person conflict with those of the representative of juristic person, the latter has no representative power.

 

Section 75.- If, in the case under Section 74, it causes a non-existence of the representatives of juristic person, or the number of the remaining representatives cannot constitute a quorum of the meeting or is not sufficient to execute such matter, if it is not otherwise provided by the law, or defined in its regulations or constitutive act, the provisions of Section 73 shall be applied to the appointment of special representative,  mutatis mutandis.

 

Section 76.- A juristic person is bound to make compensation for the injury done to other persons by its representatives or the person empowered to act on behalf of the juristic person in the exercise of their duties, saving its right of recourse against the causers of the damage.

If damage is done to other persons by an act which is not within the scope of the object or power and duties of the juristic person, all the persons as mentioned in paragraph one who agreed to such act or executed it, are jointly liable to make compensation.

 

Section 77.- The provisions on agency of this Code shall be applicable to the relationship between the juristic person and its representatives, and between the juristic or its representative and third persons, mutatis mutandis.