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2016 R.R.D.A. 47 (2016)
Limited Liability and Unlimited Liability of the Shareholders. Piercing of the Corporate Veil

handle is hein.journals/ririinesana2016 and id is 1659 raw text is: Raspunderea limitata si raspunderea nelimitata a asociatilor. Pierderea beneficiului raspunderii [imitate dr. Sebastian BODU, MBA Facultatea de Drept, Universitatea Romsno-American& ABSTRACT Limited liability of the shareholders is a fundamental concept of the companies, considering that currently, quasi-unanimity of them, are registered as Joint Stock Companies (Corporations) or Limited Liability Company. Limited liability means that the only one that is liable for the corporate debts is the legal person, not its shareholders. Limited liability works as a veil against the personal liability of the shareholders. Thus, the maximum risk taken by the shareholders is losing their contributions invested in the company (that is why the limited liability is also known as liability limited to the legal capital). Unfortunately, the legal text is poorly written, which leads to erroneous interpretations. The limited liability bears either legal exceptions, either contractual ones. Legal exceptions regulates the lift (pierce) of the corporate veil as a result of the abuse of the shareholders by such veil, and the special exceptions are provided for the benefit of certain institutional categories of corporate creditors (respectively, the fiscal creditor). Contractual exceptions appear when the power of negotiation between the parties is disproportionate. RE ZU MAT Rspunderea limitat6 a asociatilor este un concept fundamental a[ societatilor comerciale, avAnd in vedere c6, in prezent, cvasi-unanimitatea acestora sunt constituite sub forma societatilor pe actiuni (SA) si societatilor cu r~spundere limitat6 (SRL). Rspunderea limitat6 inseamn6 ca singura care r~spunde pentru datoriile sociale este persoana juridic6 debitoare, nu asociatii ei. Rspunderea limitat6 functioneaz6 ca o barier6 in calea atragerii r~spunderii personale a asociatilor. Asadar, tot ce pot pierde asociatii sunt aporturile investite in societate (de aici venind denumirea, echivalent6, de r~spundere in limita capitalului social). Din p~cate, formularea lega[l a textului este defectuoas6, ceea ce d6 nastere, din p~cate, [a interpret~ri eronate. Rspunderea limitat6 comport6 fie exceptii legale, fie exceptii contractuale. Exceptii[e legale generale se refer6 [a pierderea DREPT SOCIETAR I REVISTA ROMANA DE DREPT AL AFACERILOR NR. 12/2016 147

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