Companies Law

1. The incorporation of a limited liability company by a single person or the transfer of all of its interests to a single person shall entail the following: a) Said person shall have the powers and authorities of the manager, board of managers, and general assembly of partners stipulated in this Part; his Companies Law decisions shall be issued in writing and recorded in a special register kept at the company. b) Said person may appoint a manager, or more, to represent the company before the judiciary, arbitration tribunals, and other parties, and to be responsible before him for its management. 2. A single-person limited liability company shall have articles of association; any reference to the articles of incorporation in the provisions applicable to a limited liability company shall mean the articles of association. Chapter 2: Incorporation of Limited Liability Company