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.
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.
statutory seat means the place in which the cessda-ERIC shall be legally constituted and based; and