Indonesia Law Review College Of Law Universitas Indonesia

If an organization turns into insolvent with no assets it can be wound up by a creditor, for a payment , or more commonly by the tax creditor . It is kind of frequent for members of an organization to supplement the corporate structure with further arrangements, such as shareholders’ agreements, whereby they comply Law News with exercise their membership rights in a certain means. Conceptually a shareholders’ agreement fulfills most of the similar functions as the corporate structure, however as a result of it’s a contract, it won’t normally bind new members of the corporate until they accede to it by some means.