Legislator Case Law & Legislation
KKO 276/2003 AI generated

Supreme Court dismisses appeal regarding the binding nature of a pledge on a company's entire share capital.

Case Number KKO 276/2003
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The Supreme Court dismissed the appeal against the lower court's decision regarding the binding nature of a pledge on a company's entire share capital. The pledgor argued that the pledge should not bind the company, while the opposing party maintained its validity under the relevant corporate law. The court upheld the lower court's ruling, confirming that the pledge remains binding despite the specific circumstances of the share ownership.

Legislator headnote

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Asunto-osakeyhtiölain 76 §; The pledge on a company's entire share capital remains binding on the company and its shareholders, and the pledgor cannot unilaterally negate its effect.

Keywords

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company pledge share capital binding effect Asunto-osakeyhtiölaki pledge validity corporate law supreme court

Cited Legislation

AI generated
Asunto-osakeyhtiölain 76 §

Cited Case Law

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Full text

Asunto-osakeyhtiö oli antanut pantin sen koko osakekannan omistaneen henkilön ja eräiden yhtiöiden veloista. Kysymys panttauksen sitovuudesta. Ks. KKO:1998:47

AsOYL 76 §