Supreme Court dismisses appeal regarding the binding nature of a pledge on a company's entire share capital.
Legislator summary
AI generatedThe 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
AI generatedAsunto-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.
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Asunto-osakeyhtiö oli antanut pantin sen koko osakekannan omistaneen henkilön ja eräiden yhtiöiden veloista. Kysymys panttauksen sitovuudesta. Ks. KKO:1998:47
AsOYL 76 §