Conditions required for appointing an administrator

Abstract

Appointing administrators is traditionally done by a double manifestation of will between associates and further between associates and administrator. This union between stating the will between associates reunited with accepting the administrator gets the form of the mandate. When considering the role of the administrator function, the law enforces the fulfilment of some conditions for being able to accede to it. The conditions requested for getting the administration function are divided into personal conditions and partner conditions. When grouping them, there is taken into account the criterion how these aim the administrator’s individual person or are enforced by the trading company, by taking into account the intrinsic connection between the administrator and company.