Legislator Case Law & Legislation
KKO 852/2005 AI generated

Supreme Court dismisses appeal regarding company pledge validity when false documents and unauthorized board members are involved.

Case Number KKO 852/2005
Court / Authority
Jurisdiction Finland (FI)
Decision Date
Outcome Dismissed

Legislator summary

AI generated

The Supreme Court dismissed the appeal challenging the validity of a company's pledge security. The applicant alleged that the auditor's certificate submitted was forged and that a board member had not consented to their appointment. The court held that the pledge remained valid because the registration authority relied on documents presented in good faith, and the internal irregularities did not affect the external validity of the security against third parties.

Legislator headnote

AI generated

Companies Act 1969; Pledge Act 1969: A pledge security registered in good faith by the registration authority remains valid despite subsequent discovery of forged documents or unauthorized board member appointments, as the internal defects do not invalidate the security against bona fide third parties.

Keywords

AI generated
company pledge validity forged auditor certificate unauthorized board member registration authority good faith internal company defects third party protection Supreme Court appeal

Cited Legislation

AI generated
Companies Act 1969
Pledge Act 1969
AI generated

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Full text

Osakeyhtiön rekisteröinnin jälkeen oli ilmennyt, että rekisteriviranomaiselle perusilmoituksen liitteenä toimitettu tilintarkastajan todistus oli ollut väärennetty ja hallituksen varajäseneksi oli ilmoitettu henkilö, joka ei ollut antanut siihen suostumustaan. Kysymys yhtiön panttaussitoumuksen sitovuudesta.