A business share in common property of more owners

Title: Business Share in Joint Ownership of Multiple Individuals The purpose of my thesis is to analyse a business share in joint ownership of multiple individuals. This paper is composed of four parts, each of them dealing with a different variation of the business share in joint ownership. The first part of this work is concerned with a legal interpretation of Section 114 paragraph 3 of the Commercial Code which, inter alia, sets forth that one business share may be held by more than one person. It introduces basic terminology that will be used throughout the work. It concludes that there are three variations of the business share in joint ownership. The first of them is the business share in co-ownership under Section 114 paragraph 3 of the Commercial Code (joint business share in the stricter sense); the second is the business share in matrimonial (community) property pursuant to Section 143 paragraph 2 of the Civil Code; and the third is the business share in matrimonial (community) property under Section 114 paragraph 3 of the Commercial Code (joint business share in the broader sense). The second part deals with the joint business share in the stricter sense. It evaluates mutual legal relationships between co-owners, and legal relationships between the co-owners and a limited liability..