statutory seat definition

statutory seat means the registered office or, where there is no such office anywhere, the place of incorporation or, where there is no such place anywhere, the place under the law of which the formation took place.
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statutory seat. (“siege statutaire”) is a civil law concept used in some civil law 24 jurisdictions to determine the residence of organizations. The Report explains this concept as 25 follows: 27 [T]his term does not refer to the corporation’s seat as laid down by some statute 28 (legislation) but as laid down by the statut, the document containing the 29 constitution of the company – for example, the articles of association. In the 30 common law, the nearest equivalent is “registered office.” In practice, the State 31 where the corporation has its statutory seat will almost always be the State under 32 whose law it was incorporated or formed; while the State where it has its central 33 administration will usually be that in which it has its principal place of business. 34 1 Report ¶123.
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statutory seat means the place in which the cessda-ERIC shall be legally constituted and based; and
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Related to statutory seat

  • Statutory Surplus means, with respect to any Insurance Subsidiary at any time, the statutory capital and surplus of such Insurance Subsidiary at such time, as determined in accordance with SAP ("Liabilities, Surplus and Other Funds" statement, page 3, line 25 of the Annual Statement for the 1995 Fiscal Year entitled "Surplus as Regards Policyholders").

  • Statutory Statement means a statement of the condition and affairs of an Insurance Subsidiary, prepared in accordance with accounting procedures and practices prescribed or permitted by an applicable insurance regulatory authority or the NAIC, as modified in accordance with permitted practices approved by an applicable insurance regulatory authority, and filed with an applicable insurance regulatory authority or the NAIC.

  • Statutory Statements means, with respect to any Regulated Insurance Company for any fiscal year, the annual or quarterly financial statements of such Regulated Insurance Company as required to be filed with the Insurance Regulatory Authority of its jurisdiction of domicile and in accordance with the laws of such jurisdiction, together with all exhibits, schedules, certificates and actuarial opinions required to be filed or delivered therewith.

  • Statutory Rape means sexual intercourse with a person who is under the statutory age of consent.

  • STATUTORY OFF means the off day per week or the compensatory off day in lieu thereof which the Transport Supplier is required to give to his/her operating crew as per the Motor Transport Workers Act, 1961 in respect of which adequate relief driver/crew shall be provided at no extra cost.